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Increases After Ripple Rail.
• XRP trades at $3.32 (August 8, 2025), a 10.7% increase in 24 hours, nearing the all-time high of $3.84
• Ripple's acquisition of Rail for $200 million initially boosted the price by 4.75%, focusing on achieving 10% of global stablecoin transfers
• The SEC and Ripple jointly dismissed appeals on August 7, ending the five-year legal battle
• Bullish sentiment at 86.56% with a significant increase in transaction volumes on major exchanges
Technical Analysis and Support Levels
• Critical support established at $2.72 and $3.03, with a weekly trading range of $2.73-$3.33
• The RSI indicates oversold conditions, suggesting potential for continued upward movement
• The long-short leverage ratio of 68.51% shows a clearly bullish position
• Risk factor: Selling pressure from whales, with a report of 640 million tokens being sold
$XRP
