Key takeaways
- XRP is up 1% over the last 24 hours and remains above the $3 mark.
- The coin could move toward $3.30 soon if market conditions turn bullish.
XRP holds price above $3
The cryptocurrency market has shown volatility in the past 24 hours, producing mixed outcomes across most major tokens. XRP, Ripple’s native token, has held steady above the $3 level after gaining 1% in the last day.
This development comes as traders and investors await next week’s legal update in the Ripple vs. SEC matter. Legal expert Bill Morgan indicated the regulator is expected to file an update with the appeals court by August 15, 2025, though the SEC is not compelled to take formal action.
The SEC update could take several forms, including a withdrawal, a request for additional time, or another procedural move. Market participants are watching closely, and the announcement could strongly influence XRP’s short-term price direction.
Analysts remain optimistic that XRP could trend toward the $5–$6 range in the coming weeks and months as institutional and retail adoption continues to grow.
XRP may soon reach $3.30
On the 4-hour XRP/USD chart, the short-term structure still shows bearish elements because XRP has not reclaimed its recent high of $3.66. Technical indicators, however, are shifting bullish and suggest the token could push higher soon.
The Relative Strength Index (RSI) at 56 signals increasing bullish momentum, while MACD lines have crossed into positive territory. XRP has established solid support at $2.99, which could act as a springboard for further gains.
If the bullish bias continues, XRP could target the first major resistance at $3.30, a level that also aligns with a TLQ area. A sustained rally could allow XRP to fill the 4H fair value gap up to $3.40 and set sights on the recent high of $3.66.
Conversely, if the market faces a correction, XRP could revisit the $2.99 support zone. Failure to hold that level may open the path toward $2.67, a price not seen in three weeks.