XRP’s Legal Battle Prolonged: Judge Torres Denies Settlement Motion, Delaying Potential Resolution

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has hit another snag as Judge Analisa Torres denied a joint settlement motion, citing procedural errors. This decision delays a potential resolution that many had anticipated within the next 4–5 weeks. The motion sought to vacate a 2024 judgment and reduce Ripple’s penalty from $125 million to $50 million, but Judge Torres deemed it "procedurally improper." Meanwhile, XRP’s price stands at 2.30930000 USDT, reflecting the market’s reaction to the latest developments. This article delves into the implications of the delayed settlement and what it means for XRP’s future.

Ripple-SEC Lawsuit Faces Delay as Judge Torres Denies Settlement Motion

Judge Analisa Torres has rejected a joint request from Ripple Labs and the SEC to proceed with a settlement, citing procedural errors. The decision delays a potential resolution that policy watchers had anticipated within 4–5 weeks.

The dismissed motion sought to vacate a 2024 judgment and reduce Ripple’s penalty from $125 million to $50 million. Judge Torres stated the motion was "procedurally improper," leaving the high-stakes case in limbo.

Market participants now await the next legal maneuver in this protracted battle over XRP’s regulatory status. The SEC’s appeal of Judge Torres’ 2024 ruling on XRP sales remains pending, ensuring continued uncertainty for one of crypto’s most watched legal dramas.

Why XRP is Falling Today: Can It Still Reach $5 Despite Setbacks?

XRP’s recent rally has hit a snag, with the token shedding 4.75% in the past 24 hours to trade at $2.41. This pullback follows a 5% weekly gain and a 21% surge over the previous fortnight, highlighting the cryptocurrency’s characteristic volatility.

Market participants are now questioning whether XRP can maintain momentum toward the psychologically significant $5 level. The retracement mirrors broader market jitters, though Ripple’s ongoing legal clarity continues to differentiate it from many altcoins.

Ripple-SEC Settlement Attempt Thwarted by Judge Torres

Judge Analisa Torres rejected a joint motion from Ripple and the SEC seeking court approval for a proposed settlement. The deal WOULD have resolved Ripple’s 2024 injunction and reduced its $125 million penalty to $25 million. Legal observers note the judge appears unwilling to offer either party an easy resolution as the protracted case nears its conclusion.

The court’s decision sent immediate ripples through markets, with XRP dropping 4% within 24 hours after the ruling. This reversal cut short a recent bullish trend for the token.

Former Fox Business journalist Eleanor Terrett reports multiple legal sources characterizing Judge Torres’ stance as deliberately challenging for the SEC. The development suggests neither institutional nor retail participants should expect a swift resolution to this landmark crypto case.

XRP Reaches Oversold Territory Amid Sustained Negative Netflows

XRP continues to face selling pressure despite broader crypto market recovery, with net outflows pushing the asset deeper into oversold conditions. The altcoin has traded in a depressed range since January, with recent price upticks being met with aggressive profit-taking by early holders.

On-chain data reveals over 88 million XRP tokens were liquidated during a seven-day period, according to researcher Dom. This persistent selling activity contrasts with the asset’s modest price appreciation, creating a potential springboard for bullish reversal if demand returns to balance the market.

Ripple’s XRP Lawsuit Settlement Hits Procedural Snag as Judge Torres Demands Further Scrutiny

Ripple’s proposed $50 million settlement with the SEC faces unexpected hurdles after Judge Analisa Torres declined to automatically approve the joint motion. Attorney John E. Deaton revealed during a May 15 livestream that the court requires both parties to meet a "heavy burden" before granting relief, potentially prolonging the three-year legal battle over XRP’s regulatory status.

The procedural curveball centers on institutional sales restrictions, with Judge Torres refusing to rubber-stamp the removal of injunctions against Ripple’s ODL transactions. Market observers note the decision maintains regulatory uncertainty for XRP, currently trading at $0.52 amidst broader crypto market volatility.

Influential X User Compares XRP Investment to 19th Century Manhattan Real Estate Opportunity

Edoardo Farina, a prominent XRP advocate, has drawn parallels between the cryptocurrency’s current valuation and the historic undervaluation of Manhattan real estate in the 1800s. His bullish stance suggests XRP could mirror the exponential growth seen in New York City property values.

While XRP has surged 350% over the past year, Farina maintains the asset remains fundamentally undervalued. The comparison highlights potential upside, with 19th century Manhattan farmland selling for under $100 per acre - a fraction of current values.

Other analysts project more conservative targets, with some anticipating a near-term climb to $5. The divergent views reflect ongoing debate about XRP’s valuation in an evolving regulatory landscape.