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Market Recap & Legal Update: What Just Happened SEC & Ripple: Appeals Dropped, Case Closed On August 7, both the SEC and Ripple jointly filed to dismiss their respective appeals, officially ending the long-running legal battle over XRP’s regulatory status under U.S. law CointelegraphBinanceFXEmpire. This renders the 2023 ruling from Judge Analisa Torres final—meaning XRP sold on public exchanges is not a security, while institutional sales remain so CointelegraphFXEmpire. Market Reaction: XRP Moves Up $XRP broke above the $3 threshold, rising from around $2.91 to as high as $3.02, before stabilizing near $2.98–$3.00 AInvestCoinDesk. The surge was supported by high-volume trading—most notably on Korean platform Upbit, where over $95 million in XRP changed hands between 15:00–16:00 UTC AInvestCoinDesk. Technically, XRP cleared resistance levels at $2.87, $2.92, and $2.97—with $2.98 now acting as a key support. Immediate upside targets include $3.05, $3.14, and if momentum holds, possibly $3.25 AInvestBinanceCoinDeskHolderBrave New Coin. Key Takeaways Legal clarity achieved: With the appeals dropped, the 2023 ruling now stands—bringing regulatory clarity and removing one of XRP’s biggest overhangs. Price response was swift and decisive: XRP traders pushed through $3 swiftly—highlighting pent-up demand and bullish sentiment now that uncertainty has diminished. Watch levels and catalysts: If $2.98 holds, the path to $3.05+ is open—especially if institutional momentum (like ETF filings) picks up or if further legal confirmation arrives ahead of the August 15 deadline FXEmpire+1Coinpedia Fintech NewsAInvest+1. What This Means for Traders Bullish scenario: $2.98 support holds → rally toward $3.05–$3.14 → possible breakout above $3.25 with ETF/institutional demand. Cautious scenario: Failing to hold above $2.98 could lead to consolidation or pullback within the $2.90–$3.00 range.l

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🌟✨ ETH Started Another Impulsive Wave! 🧨🎊🚀 $ETH 🚀 ETH Starts Another Impulsive Wave! Ethereum (ETH) just completed another bullish wave and is showing strong signs of further upside. The recent price action looks promising, especially with growing market expectations of a Federal Reserve rate cut in September. According to Reuters, the probability of a rate cut has jumped to 85.5%, and the crypto market seems to be pricing this in. As momentum builds, ETH could leverage this positive sentiment and volume to potentially rise toward the $3,850 mark in the short term. 📈 Check the chart for more technical details! Let’s see how this plays out — the setup looks exciting. Thanks for reading and good luck with your trades! 📣 PS: If you found this analysis helpful, feel free to leave a like or comment — your support is appreciated! #notcoin #BuiltonSolayer #IPOWave #BTCUnbound #CFTCCryptoSprint .

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