Quick overview

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XRP broke through the $3 mark during the week’s second trading session. The altcoin moved higher after briefly hovering around this level. This psychological threshold remains well above at the time of writing. Ripple’s legal battle with the Securities and Exchange Commission remains the major catalyst for XRP’s price movement.

The case has now lasted for five years and remains unresolved. According to the SEC’s lawsuit, filed in December 2020, Ripple sold XRP through unregistered securities offerings. District Judge Analisa Torres decided in 2023 that Ripple’s institutional sales of XRP were securities. However, she found the hat exchanges’ programmatic sales were not. The judge also rejected a proposed settlement aimed at reducing fines and removing an injunction.

Ripple retracted its appeal in the case. Legal expert Bill Morgan states that the SEC is expected to update the appellate court by August 15, 2025, even though the agency is not required to take formal action.

This update could involve a withdrawal, a request for more time, or another procedural move. Despite its unresolved legal status, XRP remains a subject of ongoing attention. Market participants cite the 2023 decision as a source of some regulatory clarity.

Interest has also grown around the token’s use for international payments and speculation about a potential spot ETF.

Zack Rector, an analyst, predicts that XRP may hit $5 shortly and perhaps $15 in September.

This would indicate a 360 percent gain from the current $3 level, which is a notable but typical move in cryptocurrency markets. If XRP follows a modified 2017 fractal pattern, it may reach $9 by early September, according to James Crypto Space’s forecast. He points out that, according to previous market cycles, XRP has a history of sharp price increases that occur four to five weeks after breaking significant resistance.