Ripple Lawsuit Setback: XRP Price Continues to Slip as Court Denies Motion
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… Read More at Coingape.com
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