Key Points:XRP has fallen 18% since Judge Torres denied Ripple-SEC joint motion on settlement terms, rattling investor confidence.The SEC must file a settlement status update by June 16, a pivotal moment for Ripple’s legal strategy and XRP price action.Ripple aims to lift XRP’s institutional sales ban and reduce the $125M penalty as part of a potential settlement.SEC vs. Ripple: Court Deadline LoomsThe SEC vs. Ripple case took center stage on Thursday, June 5, as a pivotal court deadline loomed.