On June 26, 2025, U.S. District Judge Analisa Torres denied a joint motion by Ripple Labs and the SEC to reduce a $125 million civil penalty and dissolve a permanent injunction. (Source: Reuters, June 26, 2025) This decision maintains the existing restrictions on Ripple's institutional XRP sales, solidifying the legal stance.
Following the ruling, Ripple Labs announced its withdrawal of the cross-appeal against the SEC. (Source: Reuters, June 27, 2025) CEO Brad Garlinghouse stated the company is closing this chapter. The SEC has not commented on the matter.
As of July 4, 2025, XRP is trading at $2.22, reflecting a -0.02% change from the previous close. (Source: Reuters, July 4, 2025) The intraday high was $2.28, and the intraday low was $2.20.