The price of Ripple (XRP) reached $3.38 after a rise of 11.1% over the week, following significant legal developments. This increase began when Ripple and the SEC filed a request to the Second Circuit Court of Appeals to dismiss the appeals filed by them, indicating that their 5-year legal dispute may be nearing an end.
In this regard, Stuart Alderoty, Ripple's legal counsel, confirmed that both parties agreed to bear their legal fees, which is a significant indicator that the case may be coming to an end.
Ripple vs SEC: Case Closed
The SEC has confirmed a Joint Stipulation to Dismiss Appeals, officially wrapping up its case against @Ripple, @bgarlinghouse, and @chrislarsensf.
The gavel has fallen, a new chapter begins for #XRP pic.twitter.com/CARbs9OvHz
— John Squire (@TheCryptoSquire) August 8, 2025
It is noted that the U.S. Securities and Exchange Commission (SEC) claimed in the lawsuit filed in 2020 that Ripple (XRP) sales are considered unregistered securities. In 2023, the court ruled that Ripple (XRP) sales on trading platforms like Coinbase (NASDAQ:COIN) and Binance are not classified as securities transactions, despite Ripple (XRP) being held responsible for some institutional sales.
The court rejected a proposed $50 million settlement earlier this year, but the recent request—along with an expected update from the SEC by August 15—suggests that a final resolution may be close. Thus, the legal settlement could pave the way for broader institutional participation, especially if Ripple ETFs are launched.
The technical breakout of the Ripple (XRP) price targets the level of $3.65
Ripple (XRP) price predictions appear positive, as its price shows active movement on the two-hour chart, breaking out of a symmetrical triangle pattern formed after an 18% decline in late July. This breakout, supported by a strong upward trend line, led to a price increase of nearly 20%, challenging the resistance level at $3.38.
Momentum indicators align with this upward trend, as the MACD indicator has turned positive after the crossover, while the Relative Strength Index (RSI) reading remains close to 60, indicating room for further upward movement before overbought conditions take control.
A chart for the price of Ripple, source: TradingView. The price consolidation below the resistance level resembles a bullish flag pattern, indicating the possibility of another upward wave. The 50-hour simple moving average (SMA), currently at $3.12, along with the trend line, provides a critical support area for buyers at dips. If the bulls can push the price above $3.38, it may rise towards levels of $3.51, followed by $3.65, just below its all-time high recorded in 2018, all according to Fibonacci level forecasts and measured movement calculations.
Immediate resistance: $3.38
Next upward targets: $3.51 and $3.65
Key support levels: $3.21 and $3.12
Breakout confirmation: close above the level of $3.38 with increased trading volume
ETF momentum could drive strong gains
If the price maintains this structure, especially if the ruling in the SEC case favors Ripple (XRP), the adoption of ETFs may be the main catalyst. This will open the door to institutional investments, just as it happened with Bitcoin (BTC) after the launch of its spot trading funds this year, and if we add to that the technical momentum of Ripple (XRP) price, we could see a strong upward movement to the level of $4.00 and perhaps higher.
For traders, the proposed trading strategy seems very clear, involving a breakout above the level of $3.38 with stop-loss orders placed below the level of $3.12, resulting in a very favorable risk-to-reward ratio. On the macro level, the easing of regulatory pressures and ETF inflows will create a rare alignment between technical indicators and the overall market sentiment.
If all these factors align, the price of Ripple (XRP) may not only test its 2018 highs but could achieve new all-time highs, making Ripple one of the best-performing cryptocurrencies in the next crypto cycle.
