XRP Price Drops 4% Following Ripple’s Legal Challenges
XRP is experiencing renewed pressure, dropping 4% to around $2.10 over the last 24 hours. This downturn follows a critical ruling in the ongoing legal conflict between Ripple and the U.S. Securities and Exchange Commission. Judge Analisa Torres denied a joint request from Ripple and the SEC to decrease Ripple’s civil penalty of $125 million and to reclassify XRP’s institutional sales as non-security transactions. The implications of this ruling are significant for XRP, as legal clarity remains essential for maintaining investor trust and market stability.