XRP News Today: XRP jumps 12% as SEC legal battle ends ADA climbs 8% on ETF speculation

Ripple’s XRP surged by over 12% in early August 2025, driven by the conclusion of its legal dispute with the U.S. Securities and Exchange Commission (SEC) that began in 2020 [7]. The resolution marked a key turning point, allowing XRP to briefly surpass $3.40, the highest level since late July. Investors and analysts are now closely watching whether the token can maintain its upward trajectory. Some market observers, like X user JAVON MARKS, have predicted further gains, with price targets as high as $4.80 in the near term [1]. Meanwhile, community user Bark has suggested a more aggressive $10 price target, citing the end of regulatory uncertainty as a catalyst for a “price explosion” [1].

Cardano’s ADA also saw a significant rally on the same day, climbing nearly 8% to $0.80 [3]. Analysts remain optimistic about its potential to break key resistance levels. Popular analyst Ali Martinez has noted that a breakout above $0.84 would be a crucial step toward a potential $1.30 price point, a level not seen in over eight months [3]. Other voices in the crypto space, including JAVON MARKS and CryptoBullet, are even more bullish, with targets ranging from $1.60 to as high as $2.90 if bullish momentum continues [1]. ADA’s recent golden cross formation on its hourly chart further supports the case for a short-term upward move [4].

Bitcoin, the leading cryptocurrency by market cap, also saw a brief spike above $117,500 before retreating to around $116,500 [8]. The movement aligns with historical patterns suggesting that August, following a halving year like 2024, often brings positive momentum for BTC. Analyst CRYPTOWZRD has highlighted $120,000 as the next critical resistance level, with a potential follow-through rally toward $131,000 if that level is breached [8]. However, institutional developments remain mixed, as major firms like BlackRock have not confirmed plans for an XRP or Solana ETF, which could impact short-term volatility [6].

The broader market context remains influenced by both regulatory clarity and speculative enthusiasm, particularly around potential ETFs. SBI Holdings’ proposed crypto ETF has also been cited as a potential driver for XRP demand [7]. While these developments are encouraging, they also highlight the inherent volatility of the crypto market, where regulatory news and institutional decisions can shift sentiment rapidly.

[1] Ripple (XRP) Price Explosion, Next Targets for Cardano (ADA), and More: Bits Recap August 8th (https://coinmarketcap.com/community/articles/68968610580d1d3e68f072b9/)

[2] By the Time $1000 in Ripple (XRP) or Cardano (ADA) ... (https://www.taxtmi.com/news?id=37513)

[3] ADA trading volume surges amid Cardano ETF speculation (https://thecurrencyanalytics.com/altcoins/cardano-price-climbs-as-treasury-vote-boosts-momentum-and-etf-speculation-grows-189536)

[4] Cardano Prints Golden Cross on Hourly Chart (https://cryptorank.io/news/cardano)

[6] BlackRock Confirms NO Plan for Solana or XRP ETF (https://cryptopotato.com/)

[7] XRP Crypto Breaks $3 As SEC-Ripple Case Ends (https://99bitcoins.com/news/presales/is-japan-etf-set-to-pump-xrp-price-to-new-ath-us-labels-ripple-best-crypto-to-buy-as-sec-close-curtains/)