The XRP price target points towards $8.
Ripple-SEC case concluded:
August 8, 2025
XRP has seen significant bullish momentum, breaking important resistance levels during a trading volume of 300 million, based on technical chart patterns and the resolution of legal disputes that have boosted investor confidence.
This bullish trend is a combination of a significant shift in the token's fundamental story and a technical breakout.
The resolution of the legal dispute between the US Securities and Exchange Commission (SEC) and Ripple has ended years of legal troubles, which could enhance the prospects for institutional investment in the US market.
XRP's price shows strong buying signals above $3.10 and reflects solid buyer confidence in the case of stabilization above $3.30. The filing for an Exchange-Traded Fund (ETF) by SBI has also increased demand, which could lead to further bullish momentum for XRP if investments in Bitcoin ETFs continue.
According to technical analysis, XRP's price increased by 11% on August 8, rising from $2.99 to $3.30, with a recorded volume of over 300 million, experiencing a 12% fluctuation in the market, and establishing a new resistance point at $3.33.
Additionally, the news of the legal case resolution has restored confidence in the market, brightening the future prospects for XRP.
The SEC and Ripple have withdrawn their appeals, bringing an end to a lengthy legal battle. Ripple's Chief Legal Officer, Stuart Alderoty, called this decision a positive development, resulting in increased prospects for institutional investment in the market, and Japan's SBI Holdings' application for a Bitcoin-XRP ETF also reinforces this trend.
In the future, investors will focus on the approval process of the US institutional purchasing continuity ETF and the resistance level of $3.33, which could lead to a bullish trend towards a price of $8 or more.
This legal and technical development has provided XRP with a strong investment opportunity, which could lead to the formation of new trends in the market....
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