- In the case of Sec./.ripple, the court rejected the parties’ application for the cancellation of the XRP sales ban and reduction of the fine of $ 125 million.
- Despite the court order, the XRP course fell little, which indicates a strong trust in the markets.
The SEC procedure against Ripple, which has now been running over four years, has the best chance of going into the fifth year. The griche rejected a joint application by the parties to abolish the injunction against the institutional sale of XRP by Ripple.
The cancellation application should clear the way for a final agreement that would have reduced the fine for Ripple from $ 125 million to less than $ 50 million – apparently unacceptable for the court.
– James K. Filan
(@Filanlaw) June 26, 2025
The Sec and Ripple had long since agreed, but this included the lifting of the judicial disposal and the reduction in fine. But the court, not the parties to the dispute, decided that this gave the responsible judge Annalis Torres knowledge.
The application was based on paragraph 60b of the process order, which describes a rare right, which is only possible in exceptional circumstances. Since the parties did not show such circumstances, the application had to be rejected.
Appointment procedure is likely again
Ripple chief lawyer Stuart Alderoty suggested two ways to withdraw or continue the appeal.
With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime,… https://t.co/edHNbMzYbZ
— Stuart Alderoty (@s_alderoty) June 26, 2025
Crypto lawyer Fred Rispoli speaks of the decision as a missed opportunity to take into account the changing leadership and agenda of the SEC. He calls eIn probable scenario: an agreement that maintains the original injunction, but modifies the permissible activities of Ripple in order to accommodate the demands of the SEC.
SEC v. Ripple Update: This is a long post on my thoughts here but the TLDR is: "Welcome to the new SEC, for now more or less the same as the last one." And: Ripple and SEC will settle the appeal for the reduced, agreed upon amount and leave the Torres judgment in place, while the… https://t.co/9y9o4M4uBW
– Fred Rispoli (@freddyriz) June 26, 2025
In his opinion, the injunction itself would only be enforceable if violations were actively pursued by the Sec, which is unlikely with the now crypto -friendly authority. In his opinion, Ripple can now legally continue his institutional sales.
XRP course despite everything stable
The reaction of the markets to the verdict was behavior. XRP recorded a slight decline from Knappdrei percent from 2.15 to $ 2.09 shortly after the message. The movement, although downwards, remained without the measurable reaction of the investors.
Technically speaking, So the analyst Casitrades, The declines moved exactly as part of the usual formation of an ABC correction, so that there was no transition to a larger baisse trend.
The most important support is two dollars again, and the RSI shows the first signs of seller tiredness. Casitrades predicts a reversal within a few days, perhaps even to $ 2.07 before going up further. For the majority of XRP owners, the court decision has no influence on their long-term trust in the legal or market economy orientation of the asset.
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