Ripple (XRP-USD) just felt the chill—no deal, no discount, just a full-force $125 million ruling. U.S. District Judge Analisa Torres has denied a joint request by Ripple and the SEC to slash a $125 million civil penalty. The proposed reduction would have seen Ripple pay just $50 million, with the remaining $75 million returned from escrow. But the judge wasn’t having it.
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In her sharply worded order, Torres emphasized that Ripple’s past behavior, and willingness to “push the boundaries” of the court’s prior summary judgment, justified the full penalty and permanent injunction. The parties’ mutual pivot, she implied, wasn’t enough to override the law.
Price Pressure Mounts for XRP
While XRP had recently found relief from regulatory heat, especially after the SEC dropped its appeal earlier this year, this latest ruling reintroduces uncertainty. A reduced fine was widely expected to improve Ripple’s balance sheet and free up capital. Now, that advantage evaporates.
With Ripple still on the hook for the full $125 million, investors are recalculating the near-term outlook for XRP. Already down from its 2021 highs, the token is showing signs of renewed fragility. In crypto markets, legal clarity (or lack thereof) can be a major swing factor for valuations, and this ruling signals that the path to full regulatory relief is still riddled with potholes.
The denial also sends a message far beyond Ripple. It shows that even when the SEC and crypto firms agree to settle, courts may not rubber-stamp compromise. That could raise the stakes for future enforcement cases—and make investors more cautious with other tokens still facing regulatory limbo.
In short, Ripple’s penalty saga isn’t over, and the aftershocks may ripple straight through XRP’s price and the broader altcoin market. At the time of writing, XRP is sitting at $2.0969.
