Main notes
- The price of Ripple (XRP) was recovered on Saturday, August 16, as a company was held higher than $ 3, despite the weakness of the broader market.
- SEC and Ripple have moved jointly to dismiss the appeal in their case of $ 125 million, pending final approval from the Court of Appeal.
- The decision will impose a Ripple penalty, but Judge Torres ruling that XRP is not safe in secondary trading.
The XRP price has $ 3, as the Ripple -sec status is approaching the final decision
The price of Ripple (XRP) increased by 2 % on Saturday, August 16th, stable over the support of $ 3 though a A sharp decrease in the interest of the broader market.
On Friday, XRP has been tested for a period of 10 days, near $ 3, as American PPI data is weaker than expected to aggressive sales across global financial markets. Encryption I settled to recover the weekend yet Building talks Between US President Donald Trump and his Russian counterpart, Vladimir Putin, on Friday, the nerves of the tense investors calmed down.
Ripple (XRP) Price procedure Coinmarketcap, August 16, 2025
For XRP, there is another important factor that prevents a decor -less than 3 dollars that was the latest development in the long -term Ripple battle with the US Securities and Stock Exchange Committee.
http://twitter.com/filanlaw/status/1956485249367502975
like I mentioned By Defense Lawyer James Villan on Friday, the US Securities and Stock Exchange Committee (secondA case report was submitted to the Court of Appeal confirming that both sides have officially requested the dismissal.
The update has strengthened the short term in XRP, with the price rising to $ 3.12 on Saturday, as both parties reaffirmed their desire to finish the touches on the conditions and the final closure to Long -term lawsuit.
From the perspective of the price, it exceeds the level of $ 3 despite the condemnation of the macro pressure signal market on Friday in the short term of XRP in the short term. With Taurus dealers ready to defend the 3 -dollar support, the imminent final separation of the SEC case can be an incentive for large capital flows.
Although the broader momentum in the market has never achieved a full bullish tilt, the improving legal clarity can maintain the uniformity of XRP above $ 3 and put the way to convert a new march once the macro conditions stabilize.
Topical price expectations: Golden Cross is still sound above $ 3 support
XRP daily chart shows price procedures at $ 3.10 after recovering from Friday’s test of $ 3.00. The last decline was not nullified after the formation of the Golden Cross last week, as the moving averages of 5, 8 and 13 days approximately over a candle inside the day.
The bullish intersection between MA lasts for 5 days and 13 days at $ 3.07 to provide basic support, indicating that the momentum is still deviant towards the upward trend despite the fluctuating market fluctuations in the past 48 hours.
Ripple (XRP) Price Expectations | Tradingvief
The RSI Index (RSI) is 51.28, near neutral lands, with space to expand a higher scope in case of repurchase. More importantly, the upper mutilation of the daily xrpusd candle that presses against the short -term moving averages is a upscale uniform signal that often precedes the decisive collapse.
With his support firmly at $ 3, the following resistance levels are located near $ 3.20 and $ 3.35, as sellers had previously crowned in a rally last week.
If the upcoming momntum structure fails and the short sellers fail to defend these levels, XRP can extend its recovery about $ 3.65, and test the peak 2025 registered in July.
On the contrary, failure to retain $ 3 will lead to a deep decline towards the support area of $ 2.50. However, with the golden cross signal amid an imminent closure of the state of rippped against the Supreme Education Council, this scenario remains unlikely in the short term.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post Ripple (XRP) Price Analysis: Golden Cross Intact as SEC Confirms Joint Appeal first appeared on Investorempires.com.
