币界网报道：XRP price has dropped back to $0.2 as the prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to create market uncertainty. The SEC lawsuit, filed in December 2020, alleges that Ripple conducted an unregistered securities offering through XRP sales worth $1.3 billion. While Ripple scored a partial victory in July 2023 when a judge ruled that XRP sales on exchanges did not constitute securities offerings, the case remains unresolved regarding institutional sales. Market analysts attribute XRP's recent decline to the lingering regulatory ambiguity and broader cryptocurrency market weakness. Despite the price drop, Ripple's CEO Brad Garlinghouse remains optimistic, stating the company is prepared to take the case to the Supreme Court if necessary. Meanwhile, some crypto exchanges that had delisted XRP following the SEC lawsuit have begun relisting the token after the favorable court ruling. The outcome of this case is being closely watched as it could set important precedents for how other cryptocurrencies are regulated in the U.S.