XRP price declines 2.44% as US court rejects key arguments in Ripple’s ongoing SEC lawsuit

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XRP Slides 2.44% as Court Rules

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Dan Blystone

24.07.2025

XRP price declines 2.44% as US court rejects key arguments in Ripple’s ongoing SEC lawsuit — XRP Slides 2.44% as Court Rules

XRP is trading at $3.2147, down 2.44% over the last 24 hours on 24 July 2025. The latest move comes as a US court rejects several key arguments put forward by Ripple in its continuing legal battle with the Securities and Exchange Commission (SEC), a development that weighs on investor sentiment.

X price prediction

24H -0.59%

CA$ 49.26

48H -1.88%

CA$ 48.62

7D -5.07%

CA$ 47.04

1M -8.58%

CA$ 45.3

3M -8.62%

CA$ 45.28

6M -14.99%

CA$ 42.12

12M -9.2%

CA$ 44.99

Detailed

Current price: CA$ 49.55 -2.1900 4.23%

Closed 06/17

Daily range 48.94

52.00

Weekly range 48.94

52.31

The court decision marks another setback for Ripple in the protracted litigation with US regulators. While the company has previously argued that XRP is not a security, the court’s dismissal of certain defenses narrows Ripple’s legal options. This ruling fuels fresh concerns among traders about the token’s future status and regulatory outlook in the US market, leading to renewed volatility.

From a technical perspective, XRP is trading below recent highs but continues to find some support in the $3.20 area. Resistance appears to be firming near the $3.30 mark, with no clear signs of a breakout developing in either direction. Key technical indicators remain inconclusive, offering limited guidance for immediate price action.

Market sentiment is leaning bearish in the wake of the court decision, as traders reassess both short- and long-term prospects for the token. Some participants remain cautious, wary that further adverse legal outcomes could further pressure prices, while bargain-hunters appear hesitant amid regulatory uncertainty.

If XRP remains under sustained pressure from negative legal headlines, further declines could push the price below near-term support. Conversely, any positive updates from Ripple’s legal team or signs of a settlement could prompt a relief rally, with prices testing recent resistance levels.

XRP’s latest decline reflects ongoing regulatory headwinds, with legal developments continuing to drive volatility and shape the market’s short-term narrative.

XRP is trading around $3.03 after sharply rejecting the $3.56 equal high resistance, with immediate downside buffers at the 20-day and 50-day EMAs near $2.99 and $2.65. While the prevailing sentiment appears cautious amid cooling derivatives activity and a need for price to stabilize above support, a decisive close above $3.20 is required to restore bullish momentum.

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