In a pivotal decision, Judge Analisa Torres, overseeing the case between Ripple 
$1 and the U.S. Securities and Exchange Commission (SEC) in the Southern District of New York, denied the parties’ request for an “indicative ruling.” Following the announcement, the price of XRP coin initially fell to $2.09, before recovering slightly to $2.10, marking a 5% pullback. This development in the legal process further pressured the already weak market signals. Current trends confirm a bearish pattern, as XRP continues to form consecutive lower highs and lows. Analysts suggest a sustained directional shift would require XRP to form higher lows first, followed by surpassing previous peaks.
Court Decision Jolts the XRP Market
The rejection delivered by Judge Torres marks a critical juncture in the prolonged legal battle between Ripple and the SEC. By denying the joint request for an indicative ruling, the period of uncertainty has been extended, elevating the perceived market risk. The immediate depreciation in XRP’s value underlines investors’ sensitivity to court developments. Despite the short-lived recovery, XRP maintains a negative stance in its weekly outlook.
In addition to legal uncertainties, technical indicators show no sign of recovery. During each rebound within the current bearish formation, the price forms a lower peak, indicating waning buyer strength. Analysts emphasize that for a positive trend to commence, XRP needs to clearly surpass the $2.20 mark through a daily close. Should this breakout occur, the $2.30–$2.35 range becomes the next target, potentially opening the door to a rally extending up to $2.60.
Critical Support and Resistance Levels for XRP
For XRP, the initial defense line against downward risks lies in the $2.08–$2.10 range. Remaining below this threshold could introduce the $1.92–$1.95 range as a concern. If this level breaks, $1.79 might serve as a more robust support base. Experts remind that while Bitcoin 
$77,710 has initiated a five-wave structure, XRP has yet to confirm a similar pattern. Thus, sustained strength above $2.08 is crucial for maintaining the potential emergence of a fifth wave.
In the short term, the $2.19–$2.20 level acts as a significant barrier. If daily candles close above this threshold, market perception can quickly shift to a positive stance. Conversely, declining volume and fragile momentum increase the risk of sellers regaining control, prompting more cautious behavior among investors.
