Can the price of XRP reach 4 Dollars if the SEC resolves the Ripple lawsuit?

- XRP price is settling slightly above the $3.00 level as positive sentiment remains largely suppressed in the broader cryptocurrency market.
- The XRP community is focused on the Securities and Exchange Commission, which is expected to update the appeals court by August 15.
- The slight recovery in the open interest rate of XRP futures contracts and the funding rate indicates a gradual yet steady speculative demand.
The XRP currency stabilized at just below the support level that turned into resistance at $3.00 on Tuesday. The cross-border payment currency, which is approved for the Ripple payment platform, recorded a steady recovery on Sunday and Monday, but the resistance at $3.10 limited the price movement.

If XRP closes today above the immediate support level at 3.00 Dollar in the upcoming sessions, investor confidence may improve, boosting the chances of XRP stabilizing in an upward direction towards its all-time high of 3.66 Dollar.
Interest in the Ripple currency (XRP) is increasing after a heavy selling wave last week. According to CoinGlass data, the funding rate for Ripple futures has gradually risen, stabilizing at 0.0101 on Tuesday after dropping to 0.0004% on Sunday. The steady increase in funding rates indicates a growing interest among traders in long positions, anticipating a sharp rise in the price of Ripple.

A similar recovery is reflected in the open interest volume (OI) for futures, which after its sharp decline to 7.05 billion Dollar on Sunday, recovered to an average of 7.54 billion Dollar on Monday. Amid the period leading up to the all-time high, the open interest volume peaked at 10.94 billion Dollar on July 22, which bolstered strong investor confidence in the bullish trend.