<p><strong>“XRP’s Value Plummets 20%, Dipping Below $0.50, Wiping Out Post-Lawsuit Gains. SEC’s Further Involvement Raises Market Uncertainty.”</strong></p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8744f2f98ce94e19a389ca2aa99bbafc.gif" /></p><p>Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://t.me/trigOz_Airdrop_Bot" rel="noopener noreferrer nofollow">Join Now</a></p><h3 id="xrp-faces-troubled-times-value-drops-and-sec-action-raise-concerns">XRP Faces Troubled Times: Value Drops and SEC Action Raise Concerns:</h3><p>In the last few weeks, the cryptocurrency market has been very unstable, and XRP from Ripple has also faced challenges. Its <a href="https://cryptosheadlines.com/ordinals-finance-took-1-million-from-its-users-and-as-a-result-the-value-of-ofi-token-dropped-by-95/" rel="noopener noreferrer nofollow">value dropped</a> a lot – about 20% in a single day – and now it’s worth less than $0.50. This drop cancelled the gains it had made after a court case in July 2023. The situation got worse because the U.S. <a href="https://cryptosheadlines.com/bitstamp-secures-authorization-as-cryptocurrency-exchange-in-the-uk/" rel="noopener noreferrer nofollow">Securities and Exchange</a> Commission (SEC) recently did something that made people doubt XRP’s future.</p><p>A judge, Judge Torres, said that the SEC can present their argument against XRP’s <a href="https://cryptosheadlines.com/singapore-court-rules-usdt-as-property/" rel="noopener noreferrer nofollow">court ruling</a> by August 18. At the same time, <strong>Ripple Labs can share their response by September 1. The SEC can then reply to that by September 8.</strong></p><h3 id="xrp-faces-challenges-in-crossing-0-65-mark-and-shows-possible-downturn">XRP Faces Challenges in Crossing $0.65 Mark and Shows Possible Downturn:</h3><p>Ripple’s <a href="https://cryptosheadlines.com/visa-to-work-on-creating-digital-money-for-brazil-using-blockchain-technology/" rel="noopener noreferrer nofollow">digital money</a>, XRP, had difficulty getting past the $0.65 mark against the U.S. Dollar, and this has led to a drop in its value. The value fell below the important <a href="https://cryptosheadlines.com/matic-usd-price-struggles-to-rebound-testing-support-levels-ahead/" rel="noopener noreferrer nofollow">support level</a> of $0.550. <a href="https://cryptosheadlines.com/xrp-price-returns-to-pre-court-ruling-levels-amid-latest-sec-case-updates/" rel="noopener noreferrer nofollow">Read More...</a></p>

XRP Price Returns to Pre-Court Ruling Levels Amid Latest SEC Case Updates

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