The resolution of Ripple's lawsuit against the U.S. Securities and Exchange Commission will have to wait longer as Judge Torres rejected the joint proposal from both parties for a summary judgment.

However, this negative development seemingly led the community to become optimistic about XRP, according to data from Santiment.

According to the analytics company, bullish posts compared to bearish ones on social media regarding the fourth largest cryptocurrency have surged significantly to their highest level in 17 days.

As a result, XRP surpassed the largest digital assets by market capitalization, Bitcoin and Ethereum, both of which performed much better in terms of price movements over the past week or so.

Bitcoin (BTC) has managed to regain the $100,000 level shortly after a decline, now stabilizing at around $107,000 with the improvement of geopolitical conditions in the Middle East. Ethereum (ETH) has also recovered from its sharp decline, returning to the $2,400 level.

In contrast, the price of XRP has been decreasing for weeks, currently standing at less than $2.1 after another daily drop of 3-4%. The recent decline occurred yesterday following Judge Torres' decision to reject the joint motion filed by Ripple and the SEC to expedite the resolution of their legal case.
However, not everything is dark and gloomy as the XRP token witnessed a major adoption announcement earlier this week, which you can check here.