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XRP Price News: ‘Unfriendly’ Court Ruling Forces XRP to Touch Key Support – $1.9 Next?

By:
Bob Mason
Published: Jun 27, 2025, 15:40 GMT+00:00

Key Points:

  • Judge Analisa Torres denied a petition to reduce Ripple’s fine of $125 million by 60%.
  • XRP has dropped by 3% following the news and trading volumes have gone up.
  • The token could retest its $1.9 lows from last Sunday if it breaks a key support at $2.08.
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XRP (XRP) has gone down by nearly 3% in the past 24 hours and currently sits at $2.08 after Judge Analisa Torres rejected a motion to lower Ripple’s fine in its long-standing case against the U.S. Securities and Exchange Commission (SEC).

With the support of a now crypto-friendly SEC headed by Paul Atkins – Trump’s newly appointed Chairman at the regulatory agency – Ripple sought to alleviate the impact that these cases will have on its finances.

However, Judge Torres denied the petition as she believed that the conditions that initially justified imposing such a fine had not changed.

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Judge Analisa Torres Denied Petition Text – Source: Southern District of New York Court

“Ultimately, the Court granted in part the SEC’s request for an injunction and a civil penalty because the Court found that ‘Ripple’s willingness to push the boundaries of the [Summary Judgment] Order evinces a likelihood that it will eventually, if it has not already, cross the line.’ None of this has changed — and the parties hardly pretend that it has,” Judge Torres responded to the parties.

Torres Questions the SEC’s Sudden ‘Change of Heart’

In this particular case, Torres found Ripple not guilty of breaching any law for selling securities to retail investors via centralized exchanges (CEXs). However, she found the company guity of breaching the Securities Act for marketing and selling unregistered securities to institutional investors.

Ripple and the SEC reached a private agreement in which they would cease and desist from suing each other but they would only enforce it if the court decided to reduce the $125 million fine by 60%.

However, Judge Torres concluded that whatever the two parties agreed outside the court cannot force the latter to “vacate” a former ruling as the causes that led to that decision.

Ultimately, Torres seems to be questioning the SEC’s sudden ‘change of heart’. She identified a significant shift between the serious accusations made by the agency before and this request to reduce a penalty that they previously deemed as a mere ‘slap on the wrist’.

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Stuart Alderoty Official X Account – Source: X.com

Ripple’s Chief Legal Officer, Stuart Alderoty, downplayed the impact of this ruling as it does not affect the core subject of this litigation – that XRP should not be treated as a security.

“It’s business as usual,” he emphasized in an X post published shortly after news of the petition’s denial started to circulate.

However, market participants don’t seem to agree with this view as reflected by how the price is sharply retreating during a trading session in which most other top altcoins are reporting much less pronounced price movements.

XRP Could Drop to $1.9 During the Weekend

Ripple trading volumes in the past 24 hours have gone up by 21.6%. This could be interpreted as a potential increase in selling pressure.

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XRP/USD 4-Hour Chart (Coinbase) – Source: TradingView

However, as the token has neared a key area of support, it could also be an indication that buyers have shown up to scoop up a significant amount of XRP tokens at this level.

Looking at the 4-hour chart we can see that the price has reacted significantly upon touching the $2.08 area. A move below this level was rejected already once three days ago and today’s price action seems to be trying to break below this area again.

If sellers win today, the price could plummet to the low sees on Sunday. Weekends tend to be bearish for cryptocurrencies, especially when Friday ended with a downtrend.

Hence, traders could wait for a bearish breakout and a corresponding retest of the $2.08 area from below to confirm a bearish outlook and take a short position that offers the most attractive risk-reward ratio.

About the Author

Bob MasonChief Crypto Boss

123456789 30 He has written extensively for a broader audience and his current focus is on developments relating to the financial markets including, but not limited to currencies, commodities, alternative asset classes, and global equities.

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