XRP News Today: XRP’s Legal Victory Spur $8B ETF Inflows and $3.10 Breakout Push

XRP has recently attracted significant attention from analysts as one of the top cryptocurrencies to consider for investment with $500 in 2025. The token surged 8.56% during the August 22–23 session, reaching a price of $3.03 and testing multi-month resistance near $3.10. This movement coincided with the Federal Reserve’s dovish comments from Chair Jerome Powell at the Jackson Hole symposium, which spurred broader risk-on sentiment in the market and benefited digital assets across the board. The price action was marked by high-volume trading, with a single candle on the chart capturing 667.4 million in trading volume—72% above the weekly average—suggesting strong institutional interest and accumulation [1].

XRP has also made a significant jump in market capitalization, reaching $180 billion and entering the top 100 global financial assets by market cap. This milestone places XRP on par with major firms like Allianz SE, Accenture, and Boston Scientific. The token’s growth has been attributed to both price appreciation and broader adoption, including enterprise-level usage and accumulation by strategic reserves. Ripple’s ecosystem has seen additional progress, including the completion of its legal battle with the U.S. Securities and Exchange Commission (SEC), which has removed a major overhang for the asset [2].

Analysts are closely watching XRP’s price action for key levels of support and resistance. The token has formed a new support zone around $2.97–$3.00 and is facing resistance at $3.08–$3.10. If the support holds during profit-taking or a deeper retrace to $2.95, XRP could potentially break above $3.08–$3.10 and move toward $3.25. However, late-session volatility has raised concerns about consolidation before the next upward move. On-chain settlement volumes have also surged, with 844 million tokens settled in a single day, indicating possible institutional adoption [1].

In parallel, seven ETF issuers have submitted amended applications for XRP ETFs following Ripple’s legal victory over the SEC. These include major asset managers such as Canary, CoinShares, Franklin Templeton, and WisdomTree. Analysts have noted that the timing and clustering of these filings likely reflect feedback from the SEC, with approval odds for XRP ETFs estimated at 95% by Bloomberg Intelligence. If approved, these products could bring significant inflows into the XRP market, potentially reaching up to $8 billion in their first year, according to JPMorgan [3].

Ethereum also remains a top recommendation for investors, with its price rising 9.4% in a 24-hour period to $4,730. The broader altcoin market is showing signs of strength, with XRP not the only token performing well. Other names such as SHIBA INU and NEAR are also being highlighted by analysts for their potential in 2025, particularly given Ethereum’s ongoing development and the anticipated launch of more Ethereum-based products. The market’s overall bullish tone, supported by macroeconomic signals and growing institutional interest, is likely to support altcoin performance in the coming months [3].

While XRP and Ethereum are the primary focus, the broader crypto market is seeing increased interest in new projects, particularly presale tokens like MAGACOIN FINANCE. These early-stage projects are attracting attention for their high growth potential, with MAGACOIN FINANCE already raising $12.8 million in its presale phase. As Bitcoin stabilizes in a range between $113,500 and $114,000, it continues to underpin confidence in the sector, supporting altcoins and new projects. Investors are advised to remain cautious but watchful as the market navigates volatility and regulatory developments.

Source:

[1] XRP Surges 9% Before Pullback Caps Rally Near $3 (https://www.coindesk.com/markets/2025/08/23/xrp-surges-9-before-pullback-caps-rally-near-usd3)

[2] 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/)

[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/)