The XRP price broke above $3.00 and didn’t flinch. At least not yet… we’re looking at you, Donald Trump and those capricious U.S. tariffs. You can throw Fed Chair Jerome Powell in there, too.
After grinding at resistance, the price for XRP kicked higher with momentum holding steady through the session.
Behind the move is the same unresolved tension: Ripple’s never-ending courtroom brawl with the SEC. Here’s where that stands and where XRP goes next.
XRP Price: Ripple Withdraws Appeal as SEC Deadline Approaches
Ripple recently withdrew its appeal in the SEC lawsuit. The SEC has not followed suit. According to legal analyst Bill Morgan:
“The SEC is expected to provide a status update to the appellate court by August 15, 2025.” – Bill Morgan, legal expert
That filing could take multiple forms: a withdrawal, a plea for additional extension, or another legal maneuver. Its outcome may significantly influence market sentiment.
33,233% Returns on $XRP, I’ll Wait 10+ Years for That, Top Investor Says.
pic.twitter.com/lKq9Dr7l9F
— TheCryptoBasic (@thecryptobasic) August 5, 2025
Although courts cleared Ripple’s exchange-based token sales from being labeled as securities, the proposal was tossed when it came time to settle, limiting penalties and lifting restrictions.
So the stalemate drags on, and institutional adoption keeps getting pushed further down the road.
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Ripple Data Spotlight: Derivatives and Exchange Sentiment Signal Bullish Bias
Fresh data from Coinglass and DeFiLlama paints a clear picture: traders are loading up on XRP:
- Open interest in futures jumped 24% over the past week
- Net exchange inflows hit a two-week high, a signal that holders may be positioning ahead of a breakout or legal clarity.
- Funding rates are still tilted positive, showing traders are leaning long, not hedging.
Altogether, the metrics suggest rising conviction in XRP’s setup and possibly a bigger move coming.
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XRP and Problems with Centralization
XRP has an army. The XRP army. They get very mad when you say the word ‘centralization.’
Centralization. Centralization. Centralization. Centralization. Centralization!! There, we said it.
This is another thing holding XRP back from its SEC woes. Namely, in the past, XRP used a default list of 35 validators determined based on trust. It’s very anti-crypto, but it works nonetheless. We’d be remiss not to point out that most of the XRP token supply and nodes belong to Ripple.
XRP makes up for it by being a utility workhorse, but they’ll need to put the centralization fears to rest if they want any chance at beating this case.
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Key Takeaways
- The clock is ticking on one of crypto’s longest legal dramas and the XRP price could be ready to rocket.
- The XRP price broke above $3.00 and didn’t flinch. At least not yet…
The post XRP Millionaires: Why It’s the Most Important Token in Crypto appeared first on 99Bitcoins.
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