Today, Friday, May 16, 2025, the price of XRP is declining primarily due to unfavorable legal developments and negative technical signals.
📉 Reasons for today's decline of XRP
1. Unfavorable decision in the Ripple vs. SEC case
Judge Analisa Torres denied a key motion filed by Ripple in the litigation with the U.S. Securities and Exchange Commission (SEC). In particular, Ripple's request to lift the ban on selling XRP to institutional investors was denied, and the court refused to reduce the penalty from $125 million, stating that the request was "procedurally improper". This decision has generated uncertainty among investors, contributing to the decline in XRP's price.
2. Delays in the approval of the XRP ETF
The Securities and Exchange Commission recently postponed the decision on the approval of an ETF based on XRP. This delay has fueled fears that the approval may be further postponed or denied, negatively impacting investor sentiment.
