Key Notes
- Ripple (XRP) price rebounded 2% on Saturday, Aug 16, holding firm above the $3 support despite broader market weakness.
- SEC and Ripple jointly moved to dismiss appeals in their $125 million case, awaiting final approval from the Court of Appeals.
- The resolution will enforce Ripple’s penalty but uphold Judge Torres’ ruling that XRP is not a security in secondary trading.
XRP Price Holds $3 as Ripple–SEC Case Nears Final Resolution
Ripple (XRP) price climbed 2% on Saturday, August 16, stabilizing above the $3 support despite a sharp decline in broader market interest .
On Friday, XRP briefly tested 10-day lows near $3 as weaker-than-expected US PPI data triggered aggressive sell-offs across global financial markets. Crypto markets stabilized for a weekend recovery after constructive talks between US President Donald Trump and Russian counterpart Vladimir Putin on Friday calmed investors’ frayed nerves.
Ripple (XRP) Price Action | Coinmarketcap, August 16, 2025
For XRP, however, another crucial factor that prevented a decisive breakdown below $3 was the latest development in Ripple’s long-running battle with the US Securities and Exchange Commission.
As reported by defense lawyer James Filan on Friday, the US Securities and Exchange Commission ( SEC ) filed a status report with the appellate court confirming that both sides had formally requested dismissal.
The update boosted short-term interest in XRP, with the price rebounding as high as $3.12 on Saturday, as both parties reaffirmed their desire to finalize terms and bring a final closure to the long-running lawsuit.
From a price perspective, holding above the $3 level despite Friday’s macro-driven sell pressure signals market conviction in XRP’s short-term upside prospects. With bull traders willing to defend the $3 support aggressively, the imminent final dismissal of the SEC case could form a catalyst for significant capital inflows.
While broader market momentum is yet to make a full bullish tilt, the improved legal clarity could potentially sustain XRP’s consolidation above $3 and set the stage for a fresh rally once macro conditions stabilize.
Ripple Price Forecast: Golden Cross Remains Intact Above $3 Support
XRP’s daily chart shows price action holding at $3.10 after recovering from Friday’s test of $3.00. The recent pullback has yet to invalidate last week’s golden cross formation, with the 5, 8, and 13-day moving averages converging above the intraday candle.
The bullish crossover between the 5-day and 13-day MA at $3.07 continues to provide underlying support, signaling that momentum remains skewed toward the upside despite volatile market swings in the last 48 hours.
Ripple (XRP) Price Forecast | TradingView
The Relative Strength Index (RSI) stands at 51.28, close to neutral territory, with room to expand higher if buying volume re-emerges. More so, the upper wick of the daily timeframe XRPUSD candle pressing against the short-term moving averages is a bullish consolidation signal that often precedes a decisive breakout.
With support firmly established at $3, the next resistance levels lie near $3.20 and $3.35, where sellers previously capped last week’s rally.
If bullish momentum builds and short sellers fail to defend these levels, XRP could extend its recovery toward $3.65, testing the 2025 peak recorded in July.
Conversely, failure to hold $3 would trigger a deep retreat towards the $2.50 support zone. However, with the golden cross signal intact amid imminent closure to the Ripple vs. SEC case, this scenario remains unlikely in the near term.
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