XRP held over $0.57 on Thursday, August 15, gaining 6.7% in four days. Since the Ripple vs. SEC case update, on-chain data shows consistent rise in XRP Ledger (XRPL) user activity. XRP may rise over $0.60 with this event.

XRP started August poorly as its price sank to its lowest level in three months on August 5. The bitcoin market improved in the second week of the month. The lighter U.S. penalty on Ripple helped this comeback. Investors welcomed this conclusion, particularly given the protracted SEC legal battle.

Compared to other cryptocurrencies, XRP has survived recent market volatility. Between August 11 and 15, XRP rose 6.7% from $0.55 to $0.574, demonstrating its resiliency. The TOTAL3 data shows the cryptocurrency market lost $28.4 billion in market value, falling 4.8%. This means XRP has intrinsic bullish triggers that boost its performance over the market average.

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