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Ripple executives have mocked Jorge Tenreiro, the demoted lawyer of the U.S. Securities and Exchange Commission (SEC) who was leading the agency's crypto enforcement efforts.

The ongoing Ripple vs. SEC lawsuit is back in the spotlight as legal experts predict a potential shift in the agency's approach. With uncertainty surrounding SEC leadership and a notable change in its stance on crypto cases, speculation is rising on whether the lawsuit could be dismissed or settled soon.

The U.S. Securities and Exchange Commission (SEC) has made a significant shift in its personnel, moving its Chief Litigation Lawyer, Jorge Tenreiro, to a position in the IT department. This department handles the agency's computer systems.

XRP has suffered a staggering 43% drop, wiping out weeks of gains. The latest price action saw a sharp 30% intraday decline, signaling panic selling and extreme volatility.

Ripple's XRP is currently down by more than three percent and is retesting levels below the $2.50 mark. The price hit a low of $2.36 in the last 24 hours and is now eyeing to break above the $2.50 and $2.70 levels. These levels have provided strong support for XRP's price in the past.

XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level.

Ripple's CLO, Stuart Alderoty, recently shared his thoughts on the new U.S. administration's approach to cryptocurrency. In an interview with CNBC, Alderoty expressed his satisfaction with the changes brought about by the new administration. He explained that the previous administration had essentially waged a “war” on crypto, pushing the industry out of the U.S.

XRP Price Dips Amid SEC Appeal Uncertainty XRP slides 5.8% as traders weigh the impact of SEC's legal shake-up. Could a shift in regulatory stance boost XRP's long-term outlook?

XRP, the native cryptocurrency of Ripple Labs, has faced significant struggles recently despite earlier bullish projections. Like many other cryptocurrencies, XRP has been caught in the turbulence of a volatile market.

However, the growing bear action in the broader market has continued to impact altcoins like Ethereum (ETH), XRP, SUI, and Avalanche (AVAX) in different measures. As of writing, the combined crypto market cap is down 1.56% to $3.16 trillion, proving that headwinds remain.

Recently, XRP's price has plummeted below the 50 EMA, which frequently serves as a crucial support for bullish momentum. Many traders are wondering if a return to the $3 mark is still feasible given that the asset is currently having difficulty holding above $2.50.

Ripple's XRP Ledger experienced a brief but significant outage on February 5, 2025, causing a 64-minute disruption in network operations. The temporary shutdown caused some concerns among users and impacted the price of XRP, leading to a slight dip in market sentiment.

XRP traded relatively quietly on Thursday following a strong performance on Wednesday, when it outperformed the broader cryptocurrency market, rising by 2.5%. The uptick came after CEO Brad Garlinghouse shared a photo of himself with the President-elect, sparking renewed interest in the crypto.

XRP price remains under pressure, trading within a key range as technical indicators signal potential downside risks. The recent 64-minute outage, which briefly halted transactions, has now been resolved, but it did little to boost investor confidence.

Ripple's new partnerships with Revolut and Zero Hash mark significant expansion for RLUSD stablecoin, aiming to challenge USDT and USDC market dominance.

Cryptocurrency analyst and trader Jason Pizzino believes three top altcoins may be forming bullish reversals after the market's correction. In a new video, Pizzino tells his 348,000 YouTube subscribers that Ethereum (ETH) may soon regain $3,000 as support after bouncing off of a low of around $2,100.

Cryptocurrency and stablecoin infrastructure platform Zero Hash is integrating Ripple's RLUSD stablecoin. The integration lets Zero Hash customers access RLUSD on the XRP Ledger and Ethereum networks, according to a Wednesday (Feb. 5) press release.

The XRP price has entered a Golden Pocket—a key Fibonacci retracement level that often acts as strong support. According to a crypto analyst, this new development could present an attractive buying opportunity for investors, especially as the market consolidates.

The Ripple-linked XRP is the biggest loser in the top 10 coins by market cap Wednesday following XRP Ledger technical issues.

The XRP Ledger halted block production for over an hour on February 4 before spontaneously recovering — marking a rare network disruption for one of the crypto industry's oldest blockchains. Developers confirmed that no customer funds were lost during the network halt.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Ripple Labs is still in the midst of its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), which has drawn significant attention within the crypto world. The lawsuit, which began in 2020, revolves around allegations that Ripple failed to register its XRP token as a security with the SEC.

Tenreiro worked at the SEC for over 11 years, first joining as an enforcement lawyer before serving as the agency's chief crypto litigator.

The Ripple USD (RLUSD) stablecoin has secured several new listings, according to a Wednesday announcement.