XRP Market Update – August 8, 2025 🔹

Here’s a quick summary of the biggest developments today in the world of $XRP

XRP

3.3189

+11.35%

1. Ripple vs. SEC: Case Dismissed

#Ripple and #SEC have jointly moved to dismiss their ongoing appeal, signaling that their long-standing legal dispute may finally be coming to an end. This move could pave the way for clearer regulation and potentially restore investor confidence in $XRP moving forward.

2. Ripple Strengthens Stablecoin Strategy

Ripple has just made a bold move into the stablecoin space by acquiring Rail, a stablecoin payment platform, in a deal worth $200 million. This acquisition is expected to enhance support for Ripple's #RLUSD stablecoin and position the company more competitively in the rapidly growing stablecoin market.

3. Institutional Purchases Increase

Galaxy Digital has significantly increased its XRP holdings, now reportedly holding around $34 million in the asset. This move reflects a growing wave of institutional interest and long-term confidence in the future of $XRP.

📉 Price Action & Technical Review

• Current Price: ~$3.34

• Daily Range: $2.97 – $3.34

XRP briefly surpassed the $3 mark earlier today, showing bullish momentum. However, whale activity caused some turbulence—over $1.9 billion in XRP has been sold, creating potential volatility.

Key levels to watch: $2.65. This is a critical support zone, backed by technical indicators such as Fibonacci retracement. A bounce from here could reignite upward momentum, but if it fails, we may see a pullback toward the $2 range.

Today could be a turning point for XRP. With the SEC lawsuit likely settled and a major stablecoin acquisition behind it, Ripple is showing maturity and growth. However, technical support at $2.65 is crucial in the short term. #Xrp🔥🔥 #Repple