XRP Drops 1%: Why Is It Going Down?

XRP Drops 1%: Why Is It Going Down?

XRP (CRYPTO: XRP) is down 1% after a U.S. District Judge rejected a proposed $50 million settlement between Ripple Labs and the U.S. SEC. Despite this legal setback, several crypto analysts see signs of a bullish reversal forming. Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.42 $4.9 billion -1.3% +3.8% Bitcoin (CRYPTO: BTC) $104,362.42 $2.07 trillion +1.2% +1.5% Ethereum (CRYPTO: ETH) $2,590.27 $312.8 bil…

Ripple-SEC News: Judge Rejects $50M Settlement Deal Over XRP Case

A federal judge has rejected a joint request by Ripple Labs and the U.S. Securities and Exchange Commission (SEC) to approve a proposed $50 million settlement.In a ruling issued Thursday, U.S. District Judge Analisa Torres said the parties' motion was not only outside her jurisdiction, as the case is currently on appeal, but also “procedurally improper.”Even if she did have authority to act, Torres wrote, the request failed to meet the standards…

CoinStats - XRP Price Faces Fakeout Risks After Ripple-SE...

XRP price traded near $2.46 on May 16, holding steady after a choppy week that saw Bitcoin flirt with $104,000 before slipping back. Ethereum attempted to hold the $2,600 level, while most altcoins hovered around key support zones amid waning bullish momentum. XRP has shown relative resilience, staying above the $2.40 handle even as capital […] The post XRP Price Faces Fakeout Risks After Ripple-SEC Settlement Deal Faces Court Rejection appeared…

Ripple says latest ruling does not affect its legal victory

Ripple’s legal chief said a US court’s rejection of a proposed XRP settlement with the Securities and Exchange Commission (SEC) does not pose a …

Key points of the news: A federal court rejected the $50 million agreement between Ripple and the SEC as inappropriate and outside its jurisdiction. The judge noted that, in addition to not having authority while the case is still on appeal, the application lacked sufficient legal support. Ripple clarified that this setback does not affect its previous favorable rulings and both parties plan to file a new application under the procedure. A US fe…

Ripple v. SEC court case takes another twist

On May 8, the resolution to the long-standing court case between Ripple Labs and the Securities and Exchange Commission (SEC) appeared to be writing its last pages, with only formal court approval standing in the way of a $50 million settlement. But on May 15, Judge Analisa Torres blocked the deal on procedural grounds, stating that the filing was scheduled under Rule 60, which would require demonstrating ‘exceptional circumstances.’ According t…