XRP News Today: Ripple Near SEC Settlement Boosts XRP Outlook

Ripple’s XRP is poised for a potential breakout in August, driven by a convergence of regulatory developments and market dynamics. The long-standing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is nearing resolution, with a joint status update expected by August 15. Industry sources suggest a potential $50 million settlement is under consideration, which, if finalized, would lift restrictions on institutional XRP trading, significantly altering the asset’s liquidity and adoption potential [1].

On-chain data also points to aggressive accumulation by large investors. In July, over 280 million XRP tokens—valued at $858 million—were scooped up by large wallets. The number of addresses holding more than 1 million XRP reached a record high of 2,743, signaling growing institutional interest and positioning ahead of anticipated market-moving events [1].

Further fueling bullish sentiment is the potential timing of XRP ETF applications by major firms such as BlackRock and Franklin Templeton. These filings are reportedly being coordinated with the outcome of the SEC settlement, creating a favorable environment for regulatory clarity and broader institutional adoption [1]. SBI Holdings, a Japanese asset manager with $214 billion in assets under management, has also filed for an ETF that includes exposure to XRP, potentially accelerating its adoption in Asia [4].

Technical indicators are also aligning with the bullish outlook. A crypto analyst at Crypto Cred highlights an ascending triangle pattern on the XRP price chart, suggesting a potential breakout above $3.66 could drive the price toward $4. Similarly, rising trading volumes amid price declines indicate growing liquidity and quiet institutional buildup [4]. If XRP manages to break through the $3.10 level, the momentum could extend further, according to recent analysis [1].

XRP’s price movement is also influenced by its correlation with Bitcoin. As Bitcoin gains strength toward year-end, XRP is likely to benefit, making it a complementary asset in the broader crypto ecosystem. This dynamic has already seen XRP rise by 51% in the past month, according to reports [6].

Analysts remain cautious about potential headwinds such as global tariffs, but the growing number of catalysts—legal resolution, ETF momentum, whale accumulation, and technical strength—suggest the asset is on the cusp of a major move. If Ripple finalizes its deal with the SEC and ETF applications gain traction, a price surge is not just possible—it may be inevitable [1].

Source:

[1] Here’s Why XRP Price Could Skyrocket This Month (https://coinmarketcap.com/community/articles/6893cdfd8c46c77d2c1316f6/)

[4] XRP Price Prediction As $214B SBI Holdings Files for ... (https://coingape.com/markets/xrp-price-prediction-as-214b-sbi-holdings-files-for-xrp-etf-analyst-sees-rally-to-4-ahead/)

[6] Up 51% in 1 Month, Is XRP (Ripple) Worth Buying and ... (https://www.aol.com/51-1-month-xrp-ripple-080000119.html)