XRP Plummets Amidst Legal Headwinds: Judge Rejects Proposed Settlement

The XRP price experienced a dramatic drop today following the rejection of a proposed settlement between Ripple and the SEC. CoinMarketCap reports a 3.88% decline, with XRP trading at $2.38 as increased market activity reflects heightened investor anxiety. Judge Analisa Torres’ ruling effectively extends the legal battle, demanding a deeper analysis from both parties before any agreement is considered. This decision has cast uncertainty over the future of Ripple-SEC negotiations and has shaken investor confidence in the XRP community.