XRP News Today: XRP Breaks Bullish Flag Amid SEC Settlement and Bitcoin Golden Cross Outlook

Generated by AI AgentCoin World
Monday, Aug 11, 2025 4:54 pm ET1min read
Aime RobotAime Summary

- XRP broke a bullish flag pattern near $3.22, with analysts targeting $8-$11 as key resistance levels amid rising whale activity in SHIB and Bitcoin's Golden Cross.

- SEC's withdrawal from Ripple lawsuit reduced regulatory uncertainty, boosting investor confidence while SHIB whale outflows surged 96% in two days.

- Bitcoin's $118,600 price near 50/200-period MA crossover could confirm a broader bull market, potentially driving altcoin momentum including XRP.

- Technical indicators and market sentiment suggest XRP's $11 target remains speculative but achievable if Bitcoin's Golden Cross forms and volume sustains the breakout.

XRP has recently broken out of a bullish flag pattern, sparking renewed interest in the cryptocurrency and drawing attention to a potential price target of $11 [1]. The breakout has been attributed to a combination of factors, including rising whale activity in the

Shiba Inu
(SHIB) ecosystem and the formation of a Golden Cross on Bitcoin’s 4-hour chart, which often signals the beginning of a bullish trend.
XRP
is currently trading near $3.22, with analysts noting that the triangle pattern and increased wallet activity suggest a potential move toward $8 and $11 [2]. Additionally, the U.S. Securities and Exchange Commission’s (SEC) recent withdrawal from its legal battle with
Ripple
has helped reduce regulatory uncertainty, contributing to a more favorable environment for XRP investors.

Whale activity in the

SHIB
community has also surged, with outflows increasing from 183.03 billion to 359.6 billion SHIB in just two days. This rapid movement coincided with a price increase from $0.000013 to $0.000014, suggesting strong interest from large holders in the Shiba Inu ecosystem [3]. The increased whale activity has spilled over into broader market optimism, with investors taking note of the potential for further momentum across other altcoins.

Bitcoin’s price, currently at $118,600, is also showing signs of bullish momentum, with the 50-period moving average approaching a crossover above the 200-period line. This potential Golden Cross is seen as a key technical indicator that could confirm a new uptrend for

Bitcoin
. A successful crossover would not only reinforce bullish sentiment in the broader cryptocurrency market but could also serve as a catalyst for further gains in altcoins like XRP.

While the $11 price target for XRP remains speculative, the current technical setup and market conditions suggest that the token is well-positioned for a significant move in the near term. Investors are advised to monitor key resistance levels and volume patterns to assess the sustainability of the breakout. If Bitcoin continues to rise and the Golden Cross forms, it could provide the necessary tailwind for XRP to reach the $11 level and beyond.

Sources:

[1] Brave New Coin (https://bravenewcoin.com/)

[2] World Market Live (https://worldmarketlive.com/cryptocurrency/)