The post XRP Price Continues to Slip as Court Denies Motion appeared on BitcoinEthereumNews.com.

XRP price plunged by 5% shortly after Judge Analisa Torres denied an indicative ruling in the Ripple SEC lawsuit. The decision has cast uncertainty over the case, dampening XRP market sentiment as bearish sentiment rises concerning delays in a potential settlement. Ripple’s Chief Legal Officer, Stuart Alderoty, will collaborate to address the concerns of the court. As XRP tests critical support, market analysts still remain hopeful of a bounce back. XRP Price Rally to Stall From Here? Amid a strong undercurrent in the altcoins market, XRP price performance has remained laidback with 16% monthly gains, while peers like Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and others are up by 3-50%. Following the court decision on Thursday to deny the joint motion in Ripple SEC lawsuit, XRP crashed 5%, slipping to $2.35 earlier today. The Ripple cryptocurrency faced a strong rejection at $2.6 earlier this week and corrected nearly 10% from the top. On the technical chart, XRP price is currently testing a crucial trendline, while facing a make-or-break situation. According to crypto trader “Man of Bitcoin,” a breach under this trendline could lead to a substantial pullback to the next support identified in the $2.19 to $1.79 range. Source: Man of Bitcoin As per the Coinglass data, the XRP open interest has also tanked 6% to $5.08 billion, while the 24-hour liquidations have crossed to $22.86 million of which $20.37 million is inlong liquidations. Experts’ Take on What Happens Next in the Ripple Lawsuit After Judge Analisa Torres rejected the joint motion for an indicative ruling on Thursday, experts and lawyers from the Ripple community shared their take on what lies ahead in the Ripple SEC case. With the joint motion, Ripple was trying to get out of two major penalties: the order to stop selling illegal securities and the…

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Filed under: News - @ May 16, 2025 3:26 pm