Saad Ullah
Ripple’s native token XRP (XRP) experienced a sharp pullback in the past 24 hours, losing 3.3% of its value following a major legal update in its long-standing battle with the U.S. Securities and Exchange Commission (SEC). XRP is currently trading at $2.13, down from earlier highs above $2.22.
Legal Setback Sparks Market Reaction
As reported, a judge has denied the SEC’s request to end the case early, prolonging the regulatory uncertainty surrounding XRP. This decision dashed hopes of a swift resolution, sending ripples through the market and contributing to the asset’s intraday decline.
XRP’s price fell to $2.13, representing a 3.3% drop, while its BTC pairing also declined 3.0%, now sitting at 0.00001986 BTC. The chart shows a steady decline throughout June 26, with bearish momentum intensifying in the final hours of the trading session.
XRP Holds Support Despite Pressure
Despite the drop, XRP remains within its broader range, with $2.10–$2.20 acting as a key support zone in recent weeks. Traders and investors will now look for signs of stabilization, or further legal updates, before taking fresh positions.
Should the SEC case drag on into late 2025, market sentiment could remain mixed, with short-term volatility persisting across Ripple-related assets.
Conclusion
XRP’s 3.3% decline to $2.13 highlights how sensitive the market remains to legal developments in the ongoing Ripple-SEC saga. With no clear end in sight, traders are bracing for more uncertainty—even as XRP clings to key technical levels. For now, all eyes remain on the next court date and possible settlement signals.
Saad Ullah
