Court Delays Ripple Settlement, Signaling Potential Rebound for XRP

Ripple’s attempt to reduce its $125 million penalty was rejected by the court, leaving XRP in a precarious legal position but potentially signaling a rebound for the cryptocurrency. Judge Analisa Torres denied the joint motion filed by Ripple and the SEC, maintaining the original $125 million fine and obstructing their efforts to dissolve the injunction. Despite the setback, technical indicators suggest that XRP is poised for recovery. Hourly chart analysis on Binance reveals potential buy signals near 2.3000, with key indicators flashing green despite recent losses.