Ripple’s native token, XRP, is back in the spotlight—this time for the wrong reasons. The cryptocurrency has dropped nearly 4% in a single day, adding to a weekly decline of over 10%, amid fresh legal turbulence and negative market sentiment.
Currently XRP Price trading at $2.35 as per Coinpedia Market data.
Legal Blow Adds Fuel to the Bearish Fire
The recent decline in XRP’s price comes after Judge Analisa Torres rejected a proposed settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. The judge denied a joint motion for an indicative ruling, stating:
“If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.”
This legal setback has reintroduced uncertainty around Ripple's future and triggered renewed volatility in the market.
XRP Price and Market Signals
At the time of writing, XRP is trading around $2.31 with increasing trading volume. However, the charts are not painting a hopeful picture—bearish technical indicators suggest further downside risk in the near term.
Ripple Continues Global Expansion
Despite the ongoing legal drama, Ripple is pressing forward with its global strategy. The company has recently expanded its presence in the United Arab Emirates, signaling its intent to focus on markets with clearer regulatory frameworks.
This move shows that Ripple isn’t slowing down, even as it faces roadblocks in the U.S. legal system.
XRP’s latest drop reflects a mix of legal hurdles and shaky market confidence. While Ripple continues to pursue international growth and partnerships, its token remains under pressure. All eyes will now be on the next steps in the SEC case—a key factor that could shape XRP’s future price direction.
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