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

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XRPUSD breached the $3 level earlier today. Thecryptocurrency hovered around this level briefly before moving higher. At thetime of writing, it remains well above this psychological threshold.The price movement comes as attention remains focused onRipple’s legal dispute with the U.S. Securities and Exchange Commission. Thecase, now in its fifth year, has not yet reached a final resolution.Appeal Withdrawal and Upcoming SEC DeadlineRipple recently withdrew its appeal related to the case. TheSEC has not done the same. Legal expert Bill Morgan noted that while the SEC isnot required to take formal action, the agency is expected to update theappellate court by August 15, 2025. That update could involve a withdrawal, a request for moretime, or another procedural step.Background of the LawsuitThe SEC filed the lawsuit in December 2020, alleging thatRipple’s sales of XRP were unregistered securities offerings. In 2023, U.S.District Judge Analisa Torres ruled that Ripple’s institutional sales of XRPqualified as securities.However, she found that programmatic sales on exchanges didnot. A proposed settlement aimed at limiting penalties and lifting aninjunction was later rejected by the judge.You may find it interesting at FinanceMagnates.com: XRPTrades in Range as Analysts Predict $6 by 2025 Amid SWIFT Transaction DeclineMarket Reaction and Renewed InterestDespite the unresolved legal status, XRP has seen renewedinterest. Market participants cite the 2023 ruling as a source of partialregulatory clarity. The token’s use in cross-border payments and speculationaround a possible spot ETF have also drawn attention.#XRP Price Prediction: If the 2017 fractal holds, compressed and adjusted to today’s range, we could see XRP hit $9 by the first week of September! When XRP moves, it moves fast—expect a parabolic surge in just 4-5 weeks! #SOLO and #Coreum are primed to follow suit with… pic.twitter.com/fx4zXP6Kl7— James Crypto Space (@JamesCrypto87) July 29, 2025XRP Price Forecasts Range from $3.50 to $15 Amid Marketand Legal FactorsAnalyst ZackRector projects XRP could reach $5 soon and possibly $15 by September. Thiswould represent a 360% gain from the current $3 level, a significant but notunusual move in cryptocurrency markets. However, such predictions are viewedcautiously due to market volatility.James Crypto Space forecasts that ifXRP 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 afterbreaking key resistance levels, based on past market cycles.DeepSeek AI predicts XRPmay trade between $3.50 and $5.00 by the end of 2025. The forecast assumesa 70% chance of a favorable Ripple legal outcome, supporting investorconfidence and institutional adoption. Broader market factors, includingBitcoin’s performance, also influence XRP’s price outlook.This article was written by Tareq Sikder at www.financemagnates.com.