XRP News Today: XRP Eyes $3.60 Breakout Amid Legal Clarity and 208% Surge in Institutional Volume

XRP has drawn attention from analysts and traders as it consolidates near the $3.27 resistance level, a key price point that has historically acted as a barrier to upward movement [1]. This level has been closely monitored as it represents a critical inflection point. A clean breakout above this resistance with strong volume could shift market sentiment and potentially push XRP toward $3.60, a target derived from historical price action and Fibonacci extension levels [1]. Traders are watching for bullish confirmation, as a successful breakout would not only validate the strength of the current rally but also open the door for further gains, potentially reaching $3.80 [1].

Recent on-chain data shows growing accumulation, with increased transfers into self-custody wallets, which may reduce exchange liquidity and amplify price movements [1]. The SEC’s dismissal of Ripple’s case earlier this month served as a catalyst for XRP’s recent price surge, alongside a 11% rise earlier in the month [5]. Institutional trading volume also spiked by 208% during this period, underscoring the legal outcome's impact on market dynamics [5].

Technical analysts suggest that a sustained move above $3.27, supported by strong volume, would strengthen the case for a $3.60 target [3]. However, the market remains cautious due to XRP’s large circulating supply and the potential for volatility from whale activity [4]. Analysts warn that false breakouts could lead to rapid retracements, emphasizing the need for confirmation through price action and volume [1].

If XRP sustains a rally above $3.40, the path to $3.60 becomes clearer [1]. This would also likely see a 10–20% price increase toward $3.80 [7]. Conversely, if the price fails to break key resistance, technical indicators suggest a potential drop to the $2.9611–$2.7354 support zone before any meaningful recovery [6]. Market conditions remain supportive, with Bitcoin trading above $118,000 and other altcoins posting gains [9], which increases the likelihood of XRP breaking out to higher levels.

Traders are advised to remain cautious, as any large-scale selling—such as Ripple co-founder Chris Larsen’s recent 50 million XRP transaction—can create intraday price volatility [8]. The broader macroeconomic and regulatory environment will also continue to influence XRP’s trajectory. For now, the market is closely watching whether XRP has the strength to push through resistance and aim for $3.60 [1].

Source:

[1] Times (https://timestabloid.com/heres-what-xrp-order-book-update-says-about-coming-price-rally/)

[2] AInvest (https://www.ainvest.com/news/xrp-news-today-xrp-order-book-signals-potential-rally-3-20-support-holds-firm-2508/)

[3] Economic Times (https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-eyes-3-70-after-3-30-surge-is-the-5-target-now-in-play/articleshow/123237428.cms)

[4] The (https://www.fool.com/investing/2025/08/11/3-reasons-investors-should-be-cautious-about-xrp-i/)

[5] CoinDesk (https://www.coindesk.com/markets/2025/08/11/xrp-rallies-above-usd3-25-after-ripple-sec-settlement-as-institutional-interest-surges)

[6] Binance (https://www.binance.com/en/square/post/2817871578)

[7] Binance (https://www.binance.com/en/square/post/2815962265)

[8] Mitrade (https://www.mitrade.com/insights/news/live-news/article-8-1026781-20250810)

[9] Times (https://timestabloid.com/expert-says-xrp-will-teleport-to-10-once-this-happens/)