XRP price dips 3% to $2.41 as a US District Judge Analisa Torres overrule Ripple $125 settlement fine against Ripple. With derivatives traders taking on a cautious stance, can XRP defend the $2 support in the days ahead? XRP Finds Support at $2.40 US Judge Upholds $125M Fine on Ripple Ripple (XRP) slipped by 3% on Friday, trading as low as $2.37 following a negative legal development that reignited concerns over regulatory uncertainty. The current bearish blow on XRP price comes after U.S. District Judge Analisa Torres rejected a proposed $50 million settlement between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), affirming a prior $125 million penalty and an injunction on future securities violations. XRP Price Action, May 16, Source: Coingecko Despite Ripple’s intention to appeal court’s decision to effectively raise the settlement fine from $50 million to $125 million, XRP traders showed negative reaction over the… Read More at Coingape.com
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