XRP News Today: Regulators Clear Path, XRP Aims for $8 as Bull Flags Fly

XRP, the cryptocurrency issued by Ripple, is generating significant interest among analysts and investors, with several reports suggesting a potential price surge driven by a combination of technical indicators, regulatory clarity, and growing institutional adoption. The token has maintained a bullish setup in recent weeks, with analysts forecasting that it could more than double in value as bullish patterns signal a potential breakout.

Currently, XRP is trading at around $3.03, with a market capitalization of $179.2 billion and daily trading volume of $6.65 billion. The token has been consolidating near this psychological level after a sharp rebound earlier in the year. Analysts, including CryptoBull, have highlighted the formation of a cup-and-handle pattern on the XRP price chart, a bullish formation often associated with explosive upward moves. If the token can decisively break through the $3.66 resistance level, it could accelerate toward the $7–$8 range, representing a surge of over 120% from current levels [4].

The growing optimism around XRP is also supported by surging on-chain activity and settlement volumes. In August alone, XRP Ledger settlement volumes spiked by 500%, with over 844 million XRP processed in a single day. This increase in usage underscores Ripple’s strengthening position in the global payments sector [4]. Additionally, XRP has seen $76.8 million in net inflows to exchanges, indicating that many short-term traders are locking in profits. However, futures open interest remains resilient, suggesting that leveraged positions are not the primary driver of selling pressure [4].

A key catalyst for XRP’s bullish momentum is the resolution of its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC). The court’s decision has removed a major regulatory overhang, allowing asset managers to quickly submit filings for spot XRP exchange-traded funds (ETFs). The odds of XRP ETF approval have surged to 98%, marking a potentially historic milestone for the cryptocurrency. If approved, analysts estimate inflows of up to $8 billion in the first year [4]. This potential influx of institutional capital has already contributed to a notable price increase, with XRP jumping over 8% in a single session following ETF filing updates.

From a technical perspective, XRP has shown strong support at the $2.96 level, where large institutional buyers intervened during a recent liquidation event. Immediate resistance is located at $3.10, with further upside potential toward $3.25 and the July high of $3.66. XRP/USDT has confirmed support near $2.94, with upside targets at $3.38 and $3.66 [4]. Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) continue to support upward momentum. If XRP can hold above $3.10, traders anticipate a stronger push toward the mid-$3 range, potentially unlocking the next phase of gains.

In the broader market context, XRP is forming a bull flag pattern, a technical formation that mirrors its November 2024 breakout when it surged from $1.13 to $2.40. Analysts believe that a similar pattern is emerging, with a potential price target of $5.85 in the crosshairs [5]. This target is based on Fibonacci projections and reflects a significant technical setup. However, if XRP were to slip below the critical $2.85 support level, the bull flag scenario could be delayed or invalidated. Despite this risk, momentum indicators remain positive, and buyers appear to control the short-term price action.

While the path to a tenfold return remains ambitious given XRP’s current market capitalization of around $170 billion, the potential for substantial growth is evident. Ripple’s acquisition of a stablecoin payment company for $200 million highlights its strategic pivot toward integrating stablecoins into its payment solutions. This move could affect XRP’s demand dynamics, especially if stablecoins become the primary bridge asset in cross-border transactions [3]. Analysts remain cautious, noting that the widespread adoption of stablecoins could reduce the need for XRP in some use cases.

Nevertheless, the combination of legal clarity, strong technical indicators, and growing institutional interest positions XRP as a compelling asset in the cryptocurrency market. If the predicted $3.10 breakout materializes and the XRP ETF is approved, the token could enter a new phase of sustained price appreciation, with short-term targets in the $7–$8 range and longer-term projections extending toward $10 by 2026 [4].

Source:

[1] Could Ripple (XRP) Deliver 10x Returns? (https://finance.yahoo.com/news/could-ripple-xrp-deliver-10x-132000630.html)

[2] Ripple Price Analysis: Is XRP Preparing for One Final Rally ... (https://cryptopotato.com/ripple-price-analysis-is-xrp-preparing-for-one-final-rally-before-big-correction/)

[3] Ripple's $200 Million Stablecoin Bet: Can It Push XRP's ... (https://www.fool.com/investing/2025/08/24/can-xrp-200-million-stablecoin-bet-push-to-4/)

[4] XRP Maintains Bullish Setup as Analysts Highlight $7–$8 ... (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-maintains-bullish-setup-as-analysts-highlight-7-8-potential)

[5] XRP News Prediction: This $5.85 Price Target Has Bulls ... (https://thetradable.com/crypto/xrp-news-prediction-this-585-price-target-has-bulls-salivating-ig--a)