XRP news for August 9, 2025, indicates some positive developments despite some selling pressures. Here’s an overview of the latest developments ¹ ²:
- *XRP Price Increase*: The current price of XRP is around $3.28, with a noticeable rise in recent weeks. XRP has gained over 9% in the past week, making it the top performer in the Grayscale Crypto Snapshot report.
- *Selling Pressures*: There are some selling pressures from whales, as the XRP network saw significant outflows of about $54 million at the beginning of August. However, some analysts believe these pressures may be temporary.
- *Technical Analysis*: Technical analysis suggests a potential bullish breakout of a bull flag, which could lead to XRP price rising to levels of $8-10. The NVT indicator also suggests that XRP has room for stable growth without significant risk of a large increase.
- *SEC Decision*: Investors are awaiting the decision from the Securities and Exchange Commission (SEC) regarding the Ripple case, which could have a significant impact on the price of XRP. The decision is expected to be announced within two weeks from August 15.
- *Institutional Interest*: There is increasing interest from institutions in XRP, with several applications for exchange-traded funds (ETFs) submitted. Data also shows that there are over 2,700 whale wallets containing at least one million XRP.$XRP