XRP Price Falls 5% Following Judge’s Ruling on SEC Settlement
Ripple (XRP) Price Decline
Ripple's price fell 5% on June 26, making it the worst performer among top cryptocurrencies. This decline follows renewed legal uncertainty due to a US District Judge denying a request from Ripple and the SEC to modify their settlement terms.
Key Developments
- The judge ruled against lifting an injunction imposed on Ripple.
- Judge Torres indicated that private agreements cannot override public court judgments.
- Ripple’s Chief Legal Officer stated they have two options: withdraw appeals or proceed with traditional appeals.
- XRP is testing immediate support around $2.00 after breaking below the critical $2.10 resistance level.
- Technical indicators suggest limited downside potential but confirm ongoing bearish pressure.
Market Context
Other major cryptocurrencies like Bitcoin, Ethereum, and Solana are consolidating gains amid broader market movements influenced by geopolitical developments.
Price Forecast
XRP may stabilize around the $2.00 psychological level. A drop below could lead to further support at $1.95, while recovery above $2.20 is needed for bullish momentum towards $2.35.
Investor Sentiment
As uncertainty looms over XRP, investors are exploring presale opportunities such as Solaxy ($SOLX), which offers unique features in the crypto space.
Ripple (XRP) Price Action | June 26, 2025 | Source: TradingView
Ripple (XRP) Price Forecast