XRP Faces Setback as SEC Settlement Rejected, But Social Sentiment Shows Resilience
Ripple's proposed $50 million settlement with the SEC has been rejected by a federal judge, leaving the original $125 million penalty intact. The court found neither party demonstrated exceptional circumstances justifying a modified judgment. XRP's price reacted with a 3% drop to $2.09, though the decline remains muted by crypto volatility standards. Despite the bearish price action, social media sentiment has turned positive, indicating resilience among XRP supporters. This development highlights the ongoing legal challenges Ripple faces but also underscores the strong community backing for XRP. The cryptocurrency market continues to watch closely as Ripple navigates these legal hurdles, with potential implications for XRP's future price trajectory and regulatory clarity in the crypto space.
XRP Dips 3% as SEC Settlement Hits Roadblock, Yet Social Sentiment Turns Positive
Ripple's proposed $50 million settlement with the SEC has been rejected by a federal judge, leaving the original $125 million penalty intact. The court found neither party demonstrated exceptional circumstances justifying a modified judgment. XRP's price reacted with a 3% drop to $2.09, though the decline remains muted by crypto volatility standards.
Despite the bearish price action, social media sentiment has unexpectedly surged. Analytics firm Santiment reports a notable rise in bullish chatter among retail traders, suggesting a disconnect between short-term trading behavior and long-term community confidence. The market appears to be weighing regulatory uncertainty against Ripple's underlying fundamentals.
XRP Nears Critical $2 Support as Bearish Signals Intensify
XRP's price action reveals mounting bearish pressure as the cryptocurrency hovers precariously above the $2 threshold. The asset has bled steadily over 48 hours, failing to sustain rebounds after breaching short-term support levels. Hourly charts show XRP trapped below all key EMAs—a textbook distribution pattern where sellers dominate price discovery.
Repeated rejection between $2.13-$2.15 confirms deteriorating bullish conviction. Declining volume underscores buyer exhaustion, while an RSI reading of 36 fails to catalyze relief rallies—an ominous divergence suggesting demand evaporation. The absence of meaningful support at current levels raises the stakes for this psychological battleground.
A decisive close below $2 risks triggering cascading liquidations and panic selling. Such a breakdown WOULD invalidate XRP's recent bullish structure, dealing a severe blow to sentiment. Market participants now face a binary outcome: either buyers defend this line-in-the-sand or bears force a capitulation event with unpredictable downside targets.
Ripple Ends XRP Legal Fight, Accepts $102M Penalty, SEC Case Nears Closure
Ripple has concluded its legal battle with the U.S. Securities and Exchange Commission (SEC), agreeing to a $102 million penalty and withdrawing its appeal of a 2023 court ruling. The decision marks a pivotal moment for the regulatory treatment of digital assets in the United States.
The ruling, issued by Judge Analisa Torres, distinguished between XRP sales to institutional investors—deemed unregistered securities—and those on public exchanges, which were cleared. Ripple CEO Brad Garlinghouse confirmed the company's compliance following a federal court order that denied any modification to the penalty or injunction.
With the SEC expected to reciprocate by dropping its own appeal, the case sets a precedent for how cryptocurrencies may be classified under U.S. securities law. Retail trading of XRP remains unaffected, while institutional sales will require registration moving forward.