XRP Breaks $3; SEC Yet to Respond as Deadline Approaches in Ripple Case

XRPUSD breached the $3 level earlier today. The cryptocurrency hovered around this level briefly before moving higher. At the time of writing, it remains well above this psychological threshold.

The price movement comes as attention remains focused on Ripple’s legal dispute with the U.S. Securities and Exchange Commission. The case, now in its fifth year, has not yet reached a final resolution.

Appeal Withdrawal and Upcoming SEC Deadline

Ripple recently withdrew its appeal related to the case. The SEC has not done the same. Legal expert Bill Morgan noted that while the SEC is not required to take formal action, the agency is expected to update the appellate court by August 15, 2025.

That update could involve a withdrawal, a request for more time, or another procedural step.

XRPUSD, H1 Chart, Source: TradingView

Background of the Lawsuit

The SEC filed the lawsuit in December 2020, alleging that Ripple’s sales of XRP were unregistered securities offerings. In 2023, U.S. District Judge Analisa Torres ruled that Ripple’s institutional sales of XRP qualified as securities.

However, she found that programmatic sales on exchanges did not. A proposed settlement aimed at limiting penalties and lifting an injunction was later rejected by the judge.

You may find it interesting at FinanceMagnates.com: XRP Trades in Range as Analysts Predict $6 by 2025 Amid SWIFT Transaction Decline

Market Reaction and Renewed Interest

Despite the unresolved legal status, XRP has seen renewed interest. Market participants cite the 2023 ruling as a source of partial regulatory clarity. The token’s use in cross-border payments and speculation around a possible spot ETF have also drawn attention.

XRP Price Forecasts Range from $3.50 to $15 Amid Market and Legal Factors

Analyst Zack Rector projects XRP could reach $5 soon and possibly $15 by September. This would represent a 360% gain from the current $3 level, a significant but not unusual move in cryptocurrency markets. However, such predictions are viewed cautiously due to market volatility.

James Crypto Space forecasts that if XRP follows a modified 2017 fractal pattern, it could hit $9 by early September. He notes XRP’s history of rapid price increases within four to five weeks after breaking key resistance levels, based on past market cycles.

DeepSeek AI predicts XRP may trade between $3.50 and $5.00 by the end of 2025. The forecast assumes a 70% chance of a favorable Ripple legal outcome, supporting investor confidence and institutional adoption. Broader market factors, including Bitcoin’s performance, also influence XRP’s price outlook.