In a significant development for the XRP market, Judge Analisa Torres has denied the SEC and Ripple’s proposed settlement agreement on May 15, 2025. The ruling was based on procedural issues within the U.S. District Court, impacting Ripple’s financial obligations and potentially disrupting XRP’s ongoing regulatory status. Ripple had sought to reduce its penalties from $125 million to $50 million, but this request has been rejected. This decision leaves the legal case against Ripple unresolved and could further fuel market uncertainty about the cryptocurrency’s future. The ruling led to a sharp drop in XRP price, with the asset falling 4.64% to $2.43. Expert opinions suggest that prolonged litigation is likely, adding volatility to the crypto market as investors wait for further developments.