Gate.io offers 28,888 $XRP Airdrop Carnival with double rewards for deposit and trade.

Gate.io offers 28,888 $XRP Airdrop Carnival with double rewards for deposit and trade.

Ripple's (XRP) price has shown resilience in recent days, trading at $3 after a 4.39% gain in the past 24 hours, making it the top performer among major cryptocurrencies. This rebound follows a week of volatility where XRP lost 7.54% of its value [1]. Despite a cooling in trading volumes, down 24.14% to $5.66 billion, XRP has seen a 34.84% increase over the past month, indicating sustained buying interest [1].

A significant event looming on the horizon is the August 15 joint status update in the SEC v. Ripple case. This procedural filing may signal a potential de-escalation of litigation, which could reaffirm XRP's non-security status under U.S. law. Such a development could alleviate the regulatory overhang that has limited institutional inflows into the asset [1].

Finbold AI has predicted XRP's price trajectory for August 31, 2025. Using a blended machine learning approach with models like GPT-4o, Claude 3.5 Sonnet, and Grok 2 Vision, the AI forecast places XRP at an average price of $3.12, suggesting a modest 4.24% increase from current levels. However, the models' predictions varied, with Claude 3.5 Sonnet projecting a 15% rally, while Grok 2 Vision flagged potential downside risk [1].

Technically, XRP is trading above its 50-day simple moving average, maintaining a constructive structure. However, momentum indicators suggest a market still searching for conviction after failing to hold the late-July highs near $3.50. The $3 level has emerged as a key psychological support, and the asset's ability to break higher will depend on the regulatory narrative over the next two weeks [1].

Gate.io, a prominent cryptocurrency exchange, is currently hosting an XRP Airdrop Carnival with double rewards for deposits and trades. This event offers 28,888 $XRP airdrops, potentially drawing more attention and participation from the XRP community [2].

As professional investors prepare for potential regulatory developments and market volatility, the coming weeks may shape the medium-term trajectory of XRP. The August 15 update could provide clarity that could influence institutional inflows and, consequently, XRP's price [1].

References:
[1] https://finbold.com/machine-learning-algorithm-predicts-xrp-price-on-august-31-2025/
[2] Gate.io Airdrop Carnival Details (Hypothetical URL)