XRP Drops 1%: Why Is It Going Down?
18 Articles
18 Articles
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 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…
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