Indian Judge Blocks WazirX's XRP Redistribution Plan Tied to 2024 Hack

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 27 2025

Should l Buy XRP?

WazirX XRP Ruling: The Madras High Court has ruled that cryptocurrency can be held in trust, providing relief to a WazirX user whose XRP funds were frozen after a hack in 2024.
Legal Precedent: This decision may influence how Indian courts handle user claims against exchanges operating under foreign jurisdictions, emphasizing that cryptocurrency belongs to the user, not the exchange.
Court Order Details: The court ordered WazirX's operator, Zanmai Labs, to provide a bank guarantee equivalent to the frozen XRP amount, pending arbitration.
Impact on Users: The ruling marks a significant win for Indian users affected by the WazirX hack, as it acknowledges their rights to their cryptocurrency holdings amidst ongoing restructuring efforts by the exchange.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.073	1.171	1.276	1.374	1.479	1.578	1.682
Fibonacci	1.171	1.249	1.297	1.374	1.452	1.5	1.578

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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