XRP faced a steep decline in price following significant developments in its ongoing legal skirmish with the US Securities and Exchange Commission (SEC). The latest ruling from Judge Analisa Torres rejected Ripple and SEC’s motion for an indicative ruling, halting XRP’s recovery efforts just before it aimed to breach the critical resistance level at $2.23. This setback raises new concerns among investors as uncertainty looms over the legal proceedings. XRP holders watch closely, hoping for a resolution that will enable price stabilization and future growth. As the legal debate continues, market participants remain vigilant, closely monitoring the ramifications of this decision on XRP’s price trajectory.