Ripple and SEC Pursue Settlement Talks as XRP Falls 7% Amid Legal Uncertainty
Ripple and the SEC are moving toward a potential settlement in their long-running legal battle, with both parties jointly requesting an indicative court ruling that leaves the original judgment intact while enabling settlement discussions. Ripple emphasizes its commitment to securities compliance regardless of the outcome. Despite optimism surrounding a resolution, former SEC lawyer Marc Fagel notes the recent filing is more a response to community skepticism than a substantive legal shift. Legal uncertainty has led to a significant impact on the XRP price, which dropped over 7%, falling from $2.31 to around $2.15 and facing resistance between $2.27 and $2.30 since late May. Crypto traders should monitor the case closely, as an eventual settlement or court decision could influence not just XRP’s market dynamics but broader sentiment and regulatory clarity in the cryptocurrency sector.
Bearish
The news signals ongoing legal uncertainty for XRP, with the latest filings reflecting an attempt to progress settlement discussions rather than a decisive legal breakthrough. Prominent legal experts regard the move as largely addressing community concerns. In reaction to continued ambiguity, XRP saw a marked price drop of over 7%, indicating traders’ caution and diminished confidence. Until a definitive resolution or clear regulatory direction emerges, further volatility and resistance at key price levels can be expected in the short term. Long-term sentiment could improve if a settlement is reached, but at present, the outlook remains bearish due to the unresolved legal risks.