#CryptoRegulation #BinanceAlphaPoints $XRP

Both Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) are awaiting Judge Torres' decision regarding the approval of both parties' request to end their long-standing dispute.

The price of Ripple (XRP) dropped by 5% today, reaching a price of $2.48, coinciding with a 4% decline in the crypto market as a whole over the last 24 hours.

Despite this drop, the price of XRP is still up 12.5% over the last week and 15% over the last month, driven by a market recovery earlier this week after the United States and China reached a temporary truce regarding the trade war.

Among the factors that played a positive role for XRP in particular was the SEC's submission of its settlement agreement letter last week, urging Judge Analisa Torres to approve both parties' wishes to halt their appeals and close the case permanently.

Assuming Judge Torres has already issued a preliminary ruling agreeing to these requests, this could increase the likelihood of approval for several XRP exchange-traded funds (XRP ETFs), which might significantly drive up the price of XRP.