XRP News Today: XRP Drops 5% After Judge Denies Ripple SEC Ruling Request

Judge Analisa Torres, overseeing the case between Ripple and the U.S. Securities and Exchange Commission (SEC) in the Southern District of New York, denied the parties’ request for an “indicative ruling.” Following the announcement, the price of XRP coin initially fell to $2.09, before recovering slightly to $2.10, marking a 5% pullback. This development in the legal process further pressured the already weak market signals. Current trends confirm a bearish pattern, as XRP continues to form consecutive lower highs and lows. Analysts suggest a sustained directional shift would require XRP to form higher lows first, followed by surpassing previous peaks.

The rejection delivered by Judge Torres marks a critical juncture in the prolonged legal battle between Ripple and the SEC. By denying the joint request for an indicative ruling, the period of uncertainty has been extended, elevating the perceived market risk. The immediate depreciation in XRP’s value underlines investors’ sensitivity to court developments. Despite the short-lived recovery, XRP maintains a negative stance in its weekly outlook.

In addition to legal uncertainties, technical indicators show no sign of recovery. During each rebound within the current bearish formation, the price forms a lower peak, indicating waning buyer strength. Analysts emphasize that for a positive trend to commence, XRP needs to clearly surpass the $2.20 mark through a daily close. Should this breakout occur, the $2.30–$2.35 range becomes the next target, potentially opening the door to a rally extending up to $2.60.

For XRP, the initial defense line against downward risks lies in the $2.08–$2.10 range. Remaining below this threshold could introduce the $1.92–$1.95 range as a concern. If this level breaks, $1.79 might serve as a more robust support base. Experts remind that while Bitcoin has initiated a five-wave structure, XRP has yet to confirm a similar pattern. Thus, sustained strength above $2.08 is crucial for maintaining the potential emergence of a fifth wave.

In the short term, the $2.19–$2.20 level acts as a significant barrier. If daily candles close above this threshold, market perception can quickly shift to a positive stance. Conversely, declining volume and fragile momentum increase the risk of sellers regaining control, prompting more cautious behavior among investors.

Judge Torres also rejected Ripple and the SEC's request for a private settlement, stating that private deals do not erase public court decisions. She clarified that the parties cannot ignore a final court ruling and must either drop their appeals or continue the appeal process. The revised trial timeline announced for Ripple vs. SEC includes a $125 million penalty and ongoing legal constraints on institutional sales. No fast-tracked settlement has been proposed, and pending appeals are likely to resume after August 15, 2025, pending a motion from the SEC.

The legal developments have fueled volatility across altcoin markets. As the crypto market transitions into the second half of the year, Ethereum and XRP are preparing for another rally. The question remains whether macro sentiment can boost altcoins into late 2025. Conditions are aligning in ways not seen since the last bull cycle, with regulatory shakeups, ETF breakthroughs, and major global economic shifts. Bitcoin leads with stability, while Ethereum and XRP are quietly loading the slingshot, and altcoin investors are watching for the moment the rubber band snaps forward.

As traders balance technical support against legal uncertainty, coin price activity stays erratic. The next few days are crucial because $2.07 is the immediate tipping point. Short-term bullish setups might be reset and confidence restored with a bounce from this level. Buyer strength would be confirmed by a clear breach over $2.406, which might push the price of XRP closer to the $2.54 limit. On the other hand, downside risk toward $1.61 and $1.47 increases if momentum fails to hold at $2 or $1.95. Although market structure is currently weak, legal resolution continues to be the primary engine.

Despite the court ruling denying Ripple's motion in the SEC lawsuit, institutional interest in XRP remains strong. Major players like Grayscale, Fidelity, and Galaxy Digital are closely monitoring its legal progress. The token's utility in cross-border payments and blockchain infrastructure appeals to hedge funds and institutional portfolios. Its macro position is improving with major partnerships like Ondo Finance's US Treasury-backed tokens available on XRPL, and a strategic partnership with Japan's Web3 Salon supporting blockchain startups.

The community has demonstrated remarkable unity and resilience following the court's denial of Ripple's motion in its ongoing battle with the SEC. Some members highlighted its historical resilience, having bounced back stronger from past legal challenges. Attorney Bill Morgan, a supporter of the community, criticized the SEC's appeal as a significant blow to the community, especially as a new bull market is emerging. He also noted Ripple might file a counter-appeal and noted that the SEC has not filed Form C with the Second Circuit. Market analysts suggest this decision has introduced uncertainty around its future, advising traders to adjust their strategies accordingly.