XRP News Today: XRP jumps 11% as Ripple-SEC legal battle ends and institutional buying surges

XRP surged 11% in the 24-hour period ending August 8, rocketing from $2.99 to $3.30 as trading volume hit 300 million during a peak institutional buying surge [1]. The rally was driven by both bullish chart patterns and a landmark legal resolution between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, which ended their appeals and removed a major regulatory overhang for the token [1]. The settlement, confirmed by the Second Circuit Appeals Court, concluded a multi-year legal battle that had clouded XRP’s future since 2020 [1]. Ripple’s chief legal officer, Stuart Alderoty, confirmed both sides dismissed their appeals and agreed to bear their own costs [1].

The price action reflects strong accumulation above $3.10, followed by consolidation above $3.30, indicating sustained buyer conviction following the initial spike [1]. Volume erupted past 300 million at 21:00 alone, signaling aggressive accumulation by institutional investors [1]. Technical indicators, including bull flag patterns, now point to potential price breakouts in the $8.00–$15.00 range as legal clarity opens the door for greater institutional participation in U.S. markets [1]. New resistance formed at $3.33 with strong volume confirmation, while key support held firm above $3.30 during consolidation [1].

In parallel, Japan’s SBI Holdings filed for a Bitcoin-XRP ETF, adding another layer of demand for the token [1]. Analysts are monitoring potential follow-through buying from U.S. institutions, ETF approval timelines in other markets, and a potential retest of $3.33 resistance that could lead to a near-term target of $3.65 [1]. The price volatility during the session reached 12%, with the token trading between $2.97 and $3.33 [1]. The aggressive breakout between 19:00 and 22:00 suggests strong market sentiment, with volume-backed demand emerging in the session’s final hours [1].

The legal resolution is seen as a catalyst for XRP’s broader adoption, as it clears the path for potential inclusion in more institutional portfolios and financial products [1]. With bull flag formations suggesting longer-horizon upside potential and fresh regulatory clarity, XRP appears poised for a significant price move if institutional demand continues to accelerate [1].

Source: [1] XRP Bull Flag Points to $8 as Ripple-SEC Case Reaches End

https://www.coindesk.com/markets/2025/08/08/xrp-bull-flag-points-to-usd8-as-ripple-sec-case-reaches-end