XRP Value Declines After Latest Ripple Disappointment in Ongoing SEC Lawsuit

US District Judge Analisa Torres has ruled against both the SEC and Ripple in their joint motion, dealing another blow to the ongoing legal battle that commenced over four years ago. Despite Ripple CEO Brad Garlinghouse's announcement in March that the lawsuit had concluded, the case remains unresolved. Ripple and the SEC had agreed on a minor penalty of $50 million, substantially less than the original $125 million ruling or the SEC's initial claim of $2 billion.

However, Judge Torres rejected the joint motion for an indicative ruling, considered a setback for both parties. This has impacted XRP's price negatively, which has declined by over 3% and trades well below $2.15, despite overall market improvements.