XRP News Today: XRP Defies August Decline Trend as Price Holds Above $3 Following Legal Settlement

XRP has historically faced a bearish pattern during the month of August, with significant declines recorded over the past few years. In 2022, the cryptocurrency lost 13.65% of its value during the month, followed by a more pronounced 26.75% drop in 2023 [1]. The trend continued in 2024, with XRP shedding 9.09% in August, reinforcing the perception that the month poses a challenge for the asset [1]. These historical trends have raised concerns among investors about the likelihood of further volatility in the coming days.

However, 2025 appears to be breaking from this pattern. While XRP initially pulled back in early August, falling below the $3 support level, the decline proved to be short-lived. Strong buying interest emerged, allowing the price to quickly recover above $3. As of the end of the first week of the month, XRP remains in positive territory, marking a notable departure from the red monthly closes seen in the previous three years [1]. This early resilience has sparked optimism among traders and analysts that the bearish August trend may finally be reversing.

The recent legal developments involving Ripple and the SEC have also contributed to a more favorable environment for XRP. On August 5, 2025, Ripple and the SEC filed for dismissal of their appeals, effectively ending their lengthy legal battle [7]. The news triggered a sharp price increase, with XRP rising over 13% and reaching $3.36 [7]. Analysts have highlighted $3.64 as a critical resistance level, noting that a break above this threshold could signal the start of a new bullish phase for the asset [1].

Some analysts have projected long-term price targets for XRP, though these remain speculative. For example, if the cryptocurrency continues to grow at a steady monthly rate of 2%, it could potentially reach $119.81 by July 2040, representing a 3,465% increase from its August 2025 price [3]. Additionally, some market observers suggest that if major economies were to allocate a portion of their crypto reserves to XRP, it could drive the price toward double-digit figures [6]. However, these forecasts should not be mistaken for guaranteed outcomes, as the crypto market remains highly volatile and subject to regulatory and geopolitical shifts.

XRP’s current market capitalization stands at around $177 billion, securing its position as the third-largest cryptocurrency after Bitcoin and Ethereum [9]. While its recent performance has been encouraging, experts caution that past gains do not guarantee future results. The asset remains exposed to regulatory, political, and market-driven uncertainties, all of which can influence its price trajectory [4]. Investors are advised to conduct thorough research and exercise caution before making any investment decisions.

Source:

[1] title1.............................(https://timestabloid.com/heres-what-xrp-history-says-about-august-price-trends/)

[2] title2.............................(https://finance.yahoo.com/news/youd-invested-1-000-xrp-145500722.html)

[3] title3.............................(https://thecryptobasic.com/2025/08/08/xrp-price-by-2040-if-xrp-sees-a-steady-2-monthly-increase/)

[4] title4.............................(https://finance.yahoo.com/news/xrp-millionaire-maker-080000079.html)

[5] title5.............................(https://ih.advfn.com/p.php?article=96592334&pid=nmona)

[6] title6.............................(https://thecryptobasic.com/2025/08/07/here-is-xrp-price-if-governments-hold-it-as-part-of-their-crypto-reserves/)

[7] title7.............................(https://coinpedia.org/news/ripple-price-prediction-today-as-xrp-lawsuit-finally-ends/amp/)

[8] title8.............................(https://www.tradingview.com/news/financemagnates:56edec20c094b:0-why-crypto-is-going-up-bitcoin-ethereum-xrp-and-dogecoin-prices-today-lead-broad-rally/)

[9] title9.............................(https://www.fool.com/investing/2025/08/08/x-things-investors-need-to-know-about-ripple/)