According to @FilanLaw, Judge Torres has denied both the SEC and Ripple's motion for an indicative ruling, stating that the motion would be denied as procedurally improper if jurisdiction were restored to the court (Source: Twitter/@FilanLaw, May 15, 2025). This development introduces short-term legal uncertainty for XRP, which could affect trading sentiment and increase volatility in the XRP/USDT pair. Traders should monitor court proceedings closely for further updates that may drive significant price action in the crypto market.