XRP News Today: Ripple Ends SEC Dispute XRP Gains 5.2% on Bullish Signal

Generated by AI AgentCoin World
Friday, Aug 8, 2025 6:24 am ET1min read
XRP
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Aime RobotAime Summary

- Ripple ends 5-year SEC legal battle, with XRP's bullish engulfing candle signaling potential price reversal post-dispute resolution.

- XRP trades in ascending channel near $3.55 resistance, supported by RSI (62.40) and MACD bullish crossovers amid cleared regulatory uncertainty.

- SEC dismissal confirms 2023 ruling excluding XRP as a security, boosting institutional/retail interest but requiring $3.15 support to sustain momentum.

- Traders monitor key levels for sustained uptrend confirmation, though analysts urge individual due diligence before investing.

Ripple's

XRP
has shown strong technical signs of a potential bullish trend, with a newly formed bullish engulfing candle indicating a shift in market sentiment following the conclusion of the long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC). According to EGRAG CRYPTO, a technical analyst, this candlestick pattern often signals a reversal of bearish momentum and could be a precursor to a stronger upward move [1].

The legal battle, which lasted nearly five years, officially concluded on August 7, 2025, when

Ripple
and the SEC filed a joint motion to dismiss their appeals with the Second Circuit. Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the resolution on X, stating, “The end… and now back to business” [1]. The dismissal finalizes the 2023 court ruling that XRP sales on public exchanges are not classified as securities. This development removes a significant regulatory cloud over the cryptocurrency and allows for greater clarity in its market treatment [1].

Technically, XRP has bounced off the $3.34 support level and is approaching key resistance at $3.55. The price has been trading within an ascending channel, with the lower boundary acting as a support mechanism. Analysts suggest that if the current momentum continues, XRP could test previous all-time highs following a breakout above the resistance level [1].

The Relative Strength Index (RSI) stands at 62.40, indicating a still-bullish sentiment. Additionally, the Moving Average Convergence Divergence (MACD) shows signs of a potential bullish crossover, while indicators like the Balance of Power and Chaikin Money Flow reflect positive buying pressure [1]. For the bullish structure to remain intact, XRP must hold above $3.15. If it succeeds, a retest of the upper channel boundary could follow.

The resolution of the SEC case is expected to have a broader impact on XRP’s market dynamics. By removing the regulatory burden tied to its classification as a security, XRP is now positioned to benefit from renewed institutional and retail interest. EGRAG noted that the latest candle close could serve as a “make-or-break” signal for the current bull run [1].

As XRP aligns with rising trendlines, traders are closely monitoring key price levels for confirmation of a sustained uptrend. The bullish engulfing pattern, combined with the favorable regulatory outcome, suggests that market confidence in XRP is growing. However, investors are advised to conduct their own due diligence before making any investment decisions [1].

Source:

[1] "XRP Forms Bullish Engulfing as Ripple Ends SEC Legal Battle"

https://coinmarketcap.com/community/articles/6895cbc6f559a4772ef42ce1/