XRP Price Drops Again: What is SEC Ruling
XRP Price Drops After Judge Rejects Ripple-SEC Deal
Reporting from New York, I’ve seen XRP drop 3% today after a U.S. judge rejected a joint motion by Ripple and the SEC. This legal setback means the long-running case continues, and investors are asking: will XRP drop again? Here’s what we know.
What Happened in Court
Judge Analisa Torres denied a deal between Ripple and the SEC for the second time. Back in May, she told both sides to fix problems in their agreement. They tried again this week, but she rejected it again. This is disappointing because:
- Ripple agreed to pay $50 million (down from $2 billion)
- Both sides wanted to end the 4.5-year legal fight
- CEO Brad Garlinghouse thought the case was over in March
Why Did XRP Drop?
As a reporter covering crypto laws for 5 years, I see three clear reasons:
- Uncertainty: The case drags on with no end date
- Investor worry: People fear more legal problems
- Market reaction: XRP fell while other cryptos rose
Legal expert Eleanor Terrett tweeted: "Another roadblock for Ripple" right after the ruling.
XRP Price Right Now
| Metric | Value |
|---|---|
| Current Price | Under $2.15 |
| Daily Drop | Over 3% |
| Market Reaction | Worse than Bitcoin, Ethereum |
What Comes Next
Judge Torres will likely set new deadlines soon. Until then:
- XRP could stay volatile
- More delays might push prices lower
- Investors should watch court dates
Ripple must now decide whether to negotiate again or keep fighting.
