XRP Price Up 11% As SEC Case Ends, But Whales Buy This ICO

XRP Price Prediction: XRP Soars 11% As The Ripple-SEC Case Ends, But Whales Buy This Trading Bot ICO Crypto With Parabolic Potential

BySteven Walgenbach

Disclosure

Updated: 08 August 2025

The below article is sponsored, meaning Insidebitcoins may receive a commission for affiliate links in the content. Cryptocurrencies are high-risk investments, and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest.

Join Our Telegram channel to stay up to date on breaking news coverage

The XRP price soared 11% in the last 24 hours to trade at $3.33 as of 10:48 p.m. EST as investors rush to buy the crypto.

That surge comes after the Ripple and the US Securities and Exchange Commission (SEC) both opted to dismiss their appeals in their long-standing lawsuit.

In a brief filing on Thursday, the Second Circuit Appeals Court recognized a joint dismissal of the SEC’s appeals and Ripple’s cross appeal in their lawsuit about XRP. Both parties will bear their own costs and fees.

Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.

The end…and now back to business. https://t.co/nVqthNcFOt

— Stuart Alderoty (@s_alderoty) August 7, 2025

XRP Price Could Soar Another 16% If This Resistance Is Broken

Daily chart for XRP/USD (Source: GeckoTerminal)

The XRP price is challenging a resistance level at $3.3315 following the recent surge, data from GeckoTerminal shows. Breaking above this barrier with strong volumes could clear a path for the crypto to rise to as high as $3.8120 in the short term. If this happens, it would be a 16% climb from the current level.

However, a rejection from the $3.3315 resistance in the next 24 hours might invalidate the bullish thesis. In this alternative case, the XRP price will likely be at risk of correcting towards the immediate support level at $2.7624 if traders decide to cash in their profits from XRP’s latest run.

Bulls Still Have A Tight Grip On The XRP Price

Looking at technical indicators on the daily chart, it seems a bullish scenario is more likely to play out in the short term. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the XRP price might continue to climb in the next 24-48 hours.

A major bullish technical flag is on the verge of being triggered by the MACD, as the MACD line looks to cross above the MACD Signal line. Should this intersection happen, traders might see the technical development as a confirmation that XRP has entered a positive trend.

Buyers have gradually been growing stronger against sellers in the last 48 hours as well, with the RSI rising during this period. The RSI has started to level off in the low 60s as the XRP price neared the $3.3315 resistance, but this is to be expected with the major barrier the altcoin now has to overcome.

Nevertheless, the current RSI reading signals that bulls still have a fairly firm grip on the XRP price. What’s more, it also suggests that the crypto has some room to climb before it enters overbought conditions, which as usually indicated by an RSI reading at 70 or above.

While the XRP price tries to break through resistance and continue its surge, investors are also piling into the presale for Snorter Token (SNORT). Influential YouTube channel 99Bitcoins, which has over 723K subscribers, says SNORT has the potential to soar 10X on launch.

A Bot Designed To Help Traders Jump On New Opportunities As They Emerge

The end of the Ripple and SEC case is a major milestone for the crypto space, and could ignite the long-awaited altcoin rally. If this happens, there could be a lot of opportunities for gains in the market. To capitalize on these opportunities, traders and investors can turn to the lightning-fast trading bot offered by Snorter Token.

With the Snorter bot, traders can snipe new tokens as they emerge, perform sub-second swaps, copy the moves of other top traders, and monitor their portfolios in real-time, all from the Telegram messaging app.

There will likely be new token launches as well, as opportunistic developers look to cash in from the altcoin rally. These new cryptos often lead to parabolic gains, but also come with extreme levels of risk.

Snorter bot, however, enables users to trade those tokens with its advanced rug pull and honeypot scam detection that has shown an 85% success rate in identifying these threats.

All of those features also come with some of the lowest fees on the market. Just by holding SNORT tokens, users reduce their execution costs from 1.5% to 0.85%.

SNORT ICO Closes On $3 Million

Investors have already pumped over $2.8 million into the project’s ongoing presale, signaling strong investor confidence in the project’s future. Whales have also started to buy, with one large investor purchasing $10,204 worth of the token in the last 24 hours.

There’s still time left for investors to get in at this ground stage before whales buy everything. To participate in the ICO, investors can acquire SNORT for $0.1005 apiece via the simple buy widget embedded on the project’s website using either crypto or bank card.

Investors will want to buy before the next presale price increase in about 6 hours.

Check out Snorter Token.