XRP News Today: XRP Drops 2.4% After Judge Rejects Ripple SEC Penalty Reduction

XRP, the cryptocurrency associated with Ripple, has faced renewed pressure following a significant legal setback, causing volatility across the broader crypto market. Analyst Levi of Crypto Crusaders provided insights into the developments in a video posted on his social media platform, offering guidance for XRP investors navigating the turbulence.

Judge Analisa Torres denied a joint motion filed by Ripple and the U.S. Securities and Exchange Commission (SEC). The motion aimed to reduce Ripple’s $125 million civil penalty and lift the injunction on its future institutional XRP sales. The judge's decision to reject the request left the previous final judgment fully intact, sparking a sharp downturn in the crypto market. XRP experienced a 2.4% decline on the day of the ruling.

While the legal development does not alter the 2023 ruling that XRP is not a security when sold on exchanges, it has introduced fresh short-term uncertainty. This has prompted panic among some investors, despite the long-term outlook for XRP remaining relatively stable.

Levi analyzed the situation using XRP’s 15-minute chart, where rapid selling pressure was evident. He noted that the key support level of $2.15 was broken during the sell-off, but highlighted that the market was beginning to show signs of a rebound. “$2.15 fell well below because of all the panic paper hand sellers,” Levi observed. “But because we’re now below this line, a lot of people are buying and realizing this is short-term panic for no good reason.”

Despite the market’s knee-jerk reaction, Levi sees opportunity in the current situation. He confirmed that he is opening a new position at current levels and plans to buy more if prices dip further. “They’re taking advantage of this very strong entry,” he said. “That is precisely why I’m opening up a position, and I’m going to be purchasing more if we do go any below, with more stuff.”

This strategy reflects a growing sentiment among XRP supporters who believe the market is overreacting to a legal technicality, rather than a fundamental shift in XRP’s long-term outlook. XRP has held above the $2 mark for several weeks, signaling relative strength despite legal headwinds. While the court’s refusal to approve the settlement delays a final resolution, it does not undermine Ripple’s legal win from 2023.

For now, the focus shifts to upcoming legal steps, potential appeals, and whether XRP can hold critical support levels. Still, as Levi makes clear, short-term panic can create buying opportunities for those who understand the bigger picture. “I’m opening a position,” Levi repeated confidently, “and I’ll be buying more if it goes any lower.”

For XRP holders, the message is clear: stay informed, stay strategic, and don’t let panic dictate your moves. The current situation presents an opportunity for strategic buying, as the market may be overreacting to short-term legal developments. XRP supporters believe that the long-term outlook for the cryptocurrency remains strong, despite the recent volatility.