$BTC $ETH #Bitcoin P’s Bull Flag Points Toward $8, Ripple-SEC Case Concludes

August 8, 2025

XRP experienced a strong rally, breaking key resistance levels amid a high trading volume of 300 million, fueled by bullish technical chart patterns and the conclusion of its long-running legal dispute, which boosted investor confidence.

This rally combines a significant technical breakout with a major shift in the token’s underlying narrative. The end of the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple marks the resolution of years-long regulatory challenges, potentially opening the door for greater institutional investment in the U.S. market.

XRP’s price showing strength above $3.10 indicates strong buying pressure, and stability above $3.30 reflects firm buyer confidence. An Exchange-Traded Fund (ETF) filing by SBI has also increased demand. If Bitcoin ETF inflows continue, XRP could see further momentum.

According to technical analysis, XRP’s price surged 11% on August 8, climbing from $2.99 to $3.30, with trading volume surpassing 300 million. The market saw 12% volatility, establishing a new resistance level at $3.33.

Additionally, the legal case’s conclusion restored market confidence, brightening XRP’s future outlook. Both the SEC and Ripple have withdrawn their appeals, ending the prolonged legal fight. Ripple’s Chief Legal Officer Stuart Alderoty called the decision a positive development. This has raised prospects for institutional investment, supported further by Japan’s SBI Holdings filing for a Bitcoin-XRP ETF.

Going forward, investors will focus on sustained U.S. institutional buying, the ETF approval process, and XRP’s ability to break the $3.33 resistance level — a move that could potentially drive the price toward $8 or higher.

This combined legal and technical progress positions XRP as a strong investment opportunity, potentially shaping new market trends.