XRP News Today: XRP's Legal Breakthrough Fuels Path Toward $7–$8 Price Target

Ripple's XRP has emerged as a significant player in the global financial landscape, securing a position among the top 100 financial assets by market capitalization. As of the latest update, XRP has achieved a market cap of nearly $180 billion, surpassing notable companies such as Allianz SE, Accenture, and Boston Scientific. This growth has been driven by a combination of factors, including the resolution of the long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) and the token's increasing adoption by corporate entities for strategic reserves.

The price trajectory of XRP has been nothing short of remarkable, particularly since the U.S. elections in November. The token has surged from a price of below $0.6 to a peak of $3.65 in mid-July. While it has since retreated slightly, it remains firmly above $3. This resilience has been attributed to both the resolution of the SEC case and the broader integration of XRP into institutional portfolios. Ripple's strategic acquisitions, including the purchase of Hidden Road, and the launch of an institutionally focused stablecoin, RLUSD, have further bolstered its ecosystem and prospects.

Analysts have begun to project a bullish outlook for XRP in the coming weeks. A prominent analyst, CryptoBull, has suggested that XRP could reach a price range of $7–$8. This forecast is based on the formation of a classic "cup-and-handle" pattern on the daily chart. The pattern, characterized by a rounded bottom and a consolidation phase, has historically indicated potential for a significant price increase. If XRP can break above the $3.80 level, the measured move from the pattern suggests a target of $7–$8.

The current technical setup for XRP includes key support levels at $2.90–$3.00 and resistance at $3.80. Traders are closely monitoring these levels, as a decisive close above $3.80 would validate the bullish scenario. The broader market environment has also contributed to this optimism, with several amendments to XRP ETF filings submitted by major asset managers, including Canary, CoinShares, and Franklin Templeton, following the dismissal of the SEC case. These filings are seen as a positive signal, with analysts estimating a 95% approval chance for XRP ETFs, potentially leading to substantial inflows in the first year of trading.

Despite these positive developments, the cryptocurrency market remains volatile, and investors must remain cautious. The recent drop in XRP's price, with a decline of 6% in a single day and a 13% drop over six days, highlights the potential for profit-taking and market corrections. Large holders have been observed selling off significant portions of their XRP holdings, which could indicate a shift in market sentiment. The support level at $2.85 is crucial, as a break below this could trigger further downward movement to $2.63.

In conclusion, the current trajectory of XRP is influenced by a mix of legal resolutions, institutional adoption, and market dynamics. While the technical indicators and analyst forecasts suggest a potential for a significant price increase, the inherent volatility of the cryptocurrency market necessitates a cautious approach. Investors and traders are advised to monitor key levels and remain prepared for potential market corrections. The evolving landscape for XRP, supported by both fundamental and technical analyses, positions it as a compelling asset for those seeking exposure to the growing cryptocurrency market.

Source: [1] Ripple's XRP Is Now a Top 100 Global Asset (https://cryptopotato.com/ripples-xrp-is-now-a-top-100-global-asset-heres-what-it-means/) [2] First Bitcoin, Then Ethereum: Will Ripple's XRP Be the Next (https://www.fool.com/investing/2025/08/23/first-bitcoin-then-ethereum-will-ripples-xrp-be-th/) [3] 'Cluster' of amended XRP ETF filings roll in as Ripple seals (https://www.dlnews.com/articles/markets/cluster-amended-xrp-etf-filings-roll-in-ripple-sec-dismissal/) [4] Analyst Predicts $7–$8 XRP Price in a 'Few Weeks' (https://captainaltcoin.com/analyst-predicts-7-8-xrp-price-in-a-few-weeks/) [5] XRP Price Forecast & Predictions for 2025, 2026, 2027– (https://www.litefinance.org/blog/analysts-opinions/ripple-price-prediction-forecast/) [6] What's in Store for XRP Price? (https://www.onesafe.io/blog/whats-next-for-xrp-price-projections-risks-opportunities) [7] XRP Price Prediction: Will $2.85 Support Hold or Trigger a Drop to $2.63? (https://www.fxleaders.com/news/2025/08/20/xrp-price-prediction-will-2-85-support-hold-or-trigger-a-drop-to-2-63/)