The cryptocurrency market is navigating a complex web of legal and project-specific developments, with Ripple's ongoing battle with the U.S. Securities and Exchange Commission (SEC) once again taking center stage. In a significant ruling, New York District Judge Analisa Torres rejected a joint request from the SEC and Ripple to approve a revised settlement. This proposal aimed to lower Ripple's civil penalty to $50 million and, crucially, remove the permanent injunction against the company. According to the ruling reported by Fox News, Judge Torres remained unconvinced, highlighting the court's prior finding of a 'reasonable probability' that Ripple would continue to violate securities laws. She questioned the rationale for removing an injunction that simply compels Ripple to 'Follow the law,' suggesting the circumstances that warranted the injunction have not changed.

XRP Price Shows Resilience Amid Legal Headwinds

Despite the bearish nature of the court's decision, the price of XRP has demonstrated remarkable stability, suggesting the market may have already priced in a prolonged legal struggle. As of the latest data, the XRPUSDT pair is trading at approximately $2.1930, marking a minor 24-hour decline of only 0.463%. The trading volume over the same period stands at a modest 318,463, with the price fluctuating between a low of $2.1491 and a high of $2.2083. This tight trading range indicates a lack of panic-selling and points to a potential consolidation phase. For traders, the $2.15 level appears to be forming a short-term support base, while resistance holds near the $2.21 mark. The muted reaction suggests that long-term holders are unfazed and that the market's focus may be shifting from legacy legal battles to broader market trends and the performance of other major altcoins.

Altcoin Market Snapshot: SOL and ADA Performance

To contextualize XRP's performance, a look at other leading altcoins is essential. Solana (SOL) and Cardano (ADA) are experiencing similar minor pullbacks, consistent with a market-wide consolidation. The SOLUSDT pair is trading around $149.00, down a slight 0.188%. It has tested a 24-hour low of $145.03, a critical support level traders are watching closely, before bouncing back. Its performance against Bitcoin, however, shows a slight weakness, with the SOLBTC pair dropping 1.57% to 0.00137330 BTC. Conversely, its strength against Ethereum is notable, with the SOLETH pair gaining 2.595% to 0.068000 ETH, presenting potential pair trading opportunities. Meanwhile, Cardano's ADAUSDT is trading at $0.5577, posting a 0.853% loss. Its 24-hour range between $0.5362 and $0.5626 indicates that the $0.53-$0.54 zone is a key area of demand. The ADAETH pair shows a notable gain of 1.838%, suggesting ADA is currently outperforming ETH, a valuable insight for portfolio diversification.

In a separate but noteworthy development, the World Liberty Foundation, a project affiliated with the Trump brand, announced a significant pivot for its WLFI token. In a post on X, the project stated it is working to make the WLFI token transferable, a reversal from its initial non-tradable design. This move, framed as a response to community requests, could unlock speculative trading on secondary markets, fundamentally changing the token's utility and risk profile. While no specific timeline was provided, this pivot from a non-fungible symbol of support to a potentially tradable asset introduces a new dynamic into the world of political and meme-based tokens. Traders and investors will be closely watching for further details on the token's mechanics and exchange listings, as this could create a new, albeit high-risk, trading vertical driven by political sentiment rather than traditional blockchain fundamentals.