XRP News Today: XRP Surges 296% to $8.29 on Legal Clarity, Retreats to $2.10

XRP, the cryptocurrency associated with Ripple, experienced a significant price surge and subsequent retracement in August 2025. The digital asset mirrored its 2017 fractal pattern, consolidating for seven months before exploding to a high of $8.29 in early August. Following this peak, XRP retraced sharply to $2.10, where it currently trades. This price action comes amid renewed legal clarity for Ripple, as the company dropped its appeal and the SEC is expected to withdraw its case, bringing a sense of resolution to the long-standing legal battle.

The market behavior of XRP during this period has shown characteristics of a structural bullish momentum. Between late June and early August, XRP ranged from $1.81 to $2.60 before launching into its August surge. The current price action near $2.10 indicates both a technical reset and new accumulation pressure, suggesting that buyers are actively supporting the asset at this level.

According to Charting Guy, XRP's price action has been in line with historical patterns. The asset held below $0.60 in October 2024 before breaking above $1.20 in December. It then rallied past $2.00, hitting $2.11 in early January, and fluctuated sideways between $1.50 and $2.20 for months. This base-building phase laid the groundwork for the explosive breakout in early August, where XRP cleared $4.00 and spiked to $8.29615, meeting the 1.272 Fibonacci extension. The move was supported by expanded volume and sudden demand, aligning with historical patterns.

Legal developments have also contributed to the renewed confidence in XRP. Ripple's decision to drop its cross-appeal and the expected withdrawal of the SEC's case have brought clarity to the legal front, adding to XRP's structural appeal. Brad Garlinghouse, CEO of Ripple, stated that the company is closing this chapter once and for all, refocusing on utility and expansion.

The technical chart of XRP continues to dominate, with historical timing markers reinforcing the asset's rhythm-driven structure. The behavior confirms cycles of expansion followed by controlled reaccumulation. Additionally, XRP's response to intraday selloffs has been robust, often bouncing strongly from the $1.90 to $2.00 region. In July, the asset dipped to $1.85 before rebounding past $2.60 within sessions, reflecting aggressive buyer engagement. XRP's quick recovery above $2.80 confirmed breakout strength before its return to the prior zone.

Despite the volatility and broader market noise, XRP has shown resilience, holding structural support. The combination of technical symmetry and resolving regulatory uncertainty positions XRP within a renewed phase of development and momentum. The asset's ability to hold above $1.90 during selloffs confirms aggressive buyer action and structure after its August breakout, further supporting its long-term setup.