XRP News Today: XRP Price Surges 10% as Ripple and SEC End Legal Battle

Generated by AI AgentCoin World
Friday, Aug 8, 2025 10:01 am ET1min read
Aime RobotAime Summary

- Ripple and SEC end legal battle, XRP surges 10% as futures volume jumps 200% to $12.4B.

- Market sees heightened speculation, open interest rises 15% to $5B with positive funding rates.

- Technical analysis suggests potential $4.50 target by late 2024 after bull flag breakout.

- Analysts project $5–$10+ by 2025, but caution overleveraged positions risk sharp corrections.

The

XRP
price surged over 10% following Thursday’s announcement that
Ripple
and the U.S. Securities and Exchange Commission (SEC) had agreed to dismiss their legal appeals, marking the end of a prolonged legal battle [1]. In the 24 hours following the news, XRP futures trading volume spiked by more than 200%, reaching $12.4 billion—surpassing Solana’s $9.6 billion in futures volume, according to on-chain analytics platform Glassnode [1].

The sudden increase in futures activity is typically seen as a sign of heightened trader interest and speculative positioning, especially in the aftermath of a major regulatory development. Open interest—representing the value of unsettled futures contracts—also climbed 15% to around $5 billion [1]. A positive daily funding rate of 0.01% further suggests that traders are overwhelmingly taking long positions, signaling expectations of continued upward movement [1].

Glassnode warned, however, that such heavy long positioning could amplify downside risk, as overleveraged traders may face liquidations if prices fall from current levels [1]. On-chain data also reveals that over 1.7 billion XRP tokens were acquired around the $2.80–$2.82 price range. Analysts suggest that this cluster of supply could serve as a key support level if the price experiences a pullback [1].

Technically, XRP’s price has broken above the upper trendline of a bull flag pattern, a breakout typically confirmed by rising volume [1]. Analysts using traditional methods estimate a potential price target by adding the height of the previous uptrend to the breakout point. For XRP, this suggests a price of over $4.50—approximately 35% higher than current levels—by September or October [1].

The potential for a Federal Reserve rate cut in September may also contribute to increased demand for risk assets like XRP [1]. While some analysts, including Milkybull Crypto and Dom, have projected more ambitious price targets of $5–$8 by 2025 and $10, respectively, those are speculative forecasts and not guarantees [1].

Source: [1] XRP price jumps on 200% futures volume surge as Ripple lawsuit ends (https://cointelegraph.com/news/xrp-price-jumps-on-200-percent-futures-volume-ripple-lawsuit-ends?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)