Error ITMS-90682: "Invalid Bundle". The asset catalog at '$Path' can't contain 16-bit or P3 assets if the app is targeting iOS releases

If deployment target is set to either 8.3 or 8.4 and you have an asset catalog, then you will recieve ITMS-90682: Invalid Bundle error even if you do not have 16-bit or P3 assets. Update: In this case you will either need to lower your Deployment target to 8.2 or move it up to 9.x