Judge Analisa Torres rejected a joint motion by the SEC and Ripple Labs to reverse an order restricting XRP’s institutional sales and reduce a $125 million penalty. The judge ruled that neither party proved ‘exceptional circumstances’ to vacate the judgment. Ripple’s CEO Brad Garlinghouse stated they would drop their cross-appeal, hoping the SEC follows suit to end the legal battle. Meanwhile, XRP’s price saw a brief surge before stabilizing. Analysts remain bullish, with predictions of XRP reaching up to $15 based on market cap models.
about Ripple-SEC Case Update: Judge Denies Joint Motion