XRP News Today: XRP Drops 15% After Judge Denies Ripple SEC Settlement

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 and offered guidance for XRP investors navigating the turbulence in a video posted on his X handle.

According to Levi, the sharp downturn was triggered by Judge Analisa Torres’ decision to deny the 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 rejection of the request left the previous final judgment fully intact. This legal development, while not altering the 2023 ruling that XRP is not a security when sold on exchanges, has introduced fresh short-term uncertainty, prompting panic among some investors.

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, leading to panic selling. However, he observed that the market was beginning to show signs of a rebound, with some investors realizing that the panic was short-term and unwarranted. Levi highlighted that the current situation presented a strong entry point for strategic buying, as many were taking advantage of the dip.

Despite the market’s knee-jerk reaction, Levi sees this as an opportunity. He confirmed that he is opening a new position at current levels and plans to buy more if prices dip further. 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. The focus now shifts to upcoming legal steps, potential appeals, and whether XRP can hold critical support levels. As Levi makes clear, short-term panic can create buying opportunities for those who understand the bigger picture.

For XRP holders, the message is clear: stay informed, stay strategic, and don’t let panic dictate your moves. The current situation, while challenging, presents opportunities for those who can navigate the market with a clear understanding of the underlying fundamentals and legal landscape.