XRP News Today: XRP Consolidates Near $3.00 Amid Institutional Adoption and Regulatory Clarity

XRP’s price remains tightly consolidated around the $3.00 support level, a critical threshold for its near-term trajectory amid heightened institutional activity and regulatory developments. Following the U.S. Securities and Exchange Commission’s (SEC) dismissal of its appeals in the case against Ripple Labs, XRP surged to $3.30 in late July before retreating slightly into a trading range of $2.98 to $3.10 in early August [13]. This consolidation reflects a cautious market sentiment as traders digest the legal clarity and assess the token’s long-term viability.

The price stability around $3.00 is crucial, serving as both a psychological and technical anchor. Ripple has consistently emphasized the role of blockchain in financial innovation, citing over $100B in blockchain-related investments since 2020. This underscores the seriousness with which institutional investors are viewing the technology and its potential applications in finance [2].

Institutional adoption is accelerating, particularly in Asia. Korean custodian BDACS recently expanded its services to include XRP, enabling clients to trade the token on regulated exchanges like Upbit and Coinone. In Japan, SBI Holdings has filed for two cryptocurrency ETFs, one of which includes XRP, further signaling institutional confidence in the asset [6].

Market activity has also spiked in recent weeks. On August 8, XRP volume exceeded 300 million tokens traded, driven by large-scale purchases and a noticeable shift in buyer sentiment [13]. Whale activity, with $1.9 billion worth of XRP movements reported near the $3.30 level, suggests that major holders are actively positioning for potential price movements [2]. However, the token has yet to sustain a breakout above $3.10, with bears reclaiming control as the price remains on weak volume near $3.00 [6].

The technical outlook is mixed. Analysts have identified a bullish flag pattern, suggesting a potential move toward $5.80–$6.80 by 2025 if the $3.10 resistance is overcome [2]. Conversely, a breakdown below $2.92 could expose XRP to further corrections, with key support levels at $2.88 and $2.75 becoming increasingly important [6]. The MVRV ratio has also formed a death cross, raising concerns about a deeper correction [6].

Regulatory clarity and the potential approval of an XRP ETF remain central to the token’s future. While the ongoing SEC case has not yet been fully resolved, the recent legal developments have improved the regulatory outlook. If favorable rulings continue, XRP could retest its all-time high of $3.66, provided it holds above $2.95 [13].

In summary, XRP is at a pivotal stage, with the $3.00–$3.10 range acting as a liquidity trap where neither bulls nor bears have a clear advantage. A decisive move—either a breakout above $3.10 or a breakdown below $2.92—will be needed to determine its next direction. The broader narrative remains supportive, with institutional adoption and regulatory progress forming the foundation for long-term bullish potential [6][13].

Source:

[1] Ripple-SEC Settlement Rally Cools as XRP Drops 5% on Profit Taking

(https://www.coindesk.com/markets/2025/08/09/ripple-sec-settlement-rally-cools-as-xrp-drops-5-on-profit-taking)

[2] XRP Eyes $3.30 Resistance After Legal Win and Whale Activity

(https://www.ainvest.com/news/xrp-news-today-xrp-eyes-3-30-resistance-legal-win-whale-activity-2508/)

[6] XRP Price Prediction: XRP Caught in $3.00–$3.10 Liquidation Zone, What’s Next for Ripple Price

(https://bravenewcoin.com/insights/xrp-price-prediction-xrp-caught-in-3-00-3-10-liquidation-zone-whats-next-for-ripple-price)

[13] XRP Price Gains Alongside Increase in Volume

(https://www.fxstreet.com/cryptocurrencies/news/xrp-price-gains-alongside-increase-in-volume-202508080734)