XRP News Today: XRP Rebounds to $3.34 on Legal Clarity and Bullish Technical Signs

XRP has demonstrated a strong rebound on August 10 following a pullback to lows near $3.09, with the price retesting the $3.34 resistance zone. The recovery was supported by a bullish engulfing candle on August 8 and strong demand in the $3.00–$3.10 range. Netflow data shows a $2.23M outflow from exchanges on August 9, indicating potential accumulation by long-term holders and reduced sell pressure [1].

The price is currently consolidating within a descending triangle pattern formed after a rally to $3.80 in late July. A breakout above the upper boundary at $3.34–$3.35 could open the path toward $3.55–$3.56, with $3.80 remaining a key upside target. Conversely, a failure to break above this level may result in a retest of $3.18 and $3.09. A drop below $3.09 would shift attention to the $2.87–$2.90 support zone [1].

Technical indicators suggest bullish momentum. The DMI on the 4-hour chart shows +DI at 25.09, slightly ahead of -DI at 23.76, signaling a bullish edge. XRP is holding above the mid-Bollinger Band at $3.18, and EMAs remain in bullish alignment, with EMA20 at $3.212 and EMA50 at $3.182 acting as dynamic support [1]. The Supertrend remains bullish above $3.098, reinforcing the control of buyers in the short-term trend.

Analysts have highlighted the potential for a breakout, with forecasts pointing to price targets between $3.34 and $10. One analyst, citing Elliott Wave Theory, suggests XRP could reach between $7 and $10 during the fifth wave of its bullish cycle [3]. The conclusion of the Ripple vs. SEC lawsuit has also positively influenced market sentiment, with some models predicting a parabolic rise to between $8 and $10 in the coming months [8].

However, a more conservative prediction from CoinCodex suggests a potential price decline of 1.57%, with XRP reaching $2.95 by August 10, 2025, if it fails to achieve higher targets [7]. The majority of bullish indicators, including the resolution of the legal case and healthy spot outflows, continue to support an upward bias.

The $3.34–$3.35 level remains critical. A breakout with strong volume would likely see price moving toward $3.55–$3.56, while a failure to break above could lead to a pullback to key support levels. The Bollinger Band width remains moderately expanded, indicating active volatility that could fuel a breakout if momentum builds [1].

The resolution of the Ripple vs. SEC case has been a pivotal factor in XRP's recent performance. Analysts suggest that the legal uncertainty has been removed, and the price surge from the triangle breakout at $3.34 has confirmed the bullish sentiment. The $3.50–$4 range is now viewed as a critical test. A confirmed breakout above this level could attract further capital inflows and shift investor sentiment [5].

Sources:

[1] Coin Edition, [https://coinedition.com/xrp-xrp-price-prediction-for-august-10/](https://coinedition.com/xrp-xrp-price-prediction-for-august-10/)

[3] The Crypto Basic, [https://thecryptobasic.com/2025/08/09/expert-predicts-xrp-price-targets-for-wave-5/](https://thecryptobasic.com/2025/08/09/expert-predicts-xrp-price-targets-for-wave-5/)

[5] Brave New Coin, [https://bravenewcoin.com/insights/xrp-price-prediction-xrp-targets-4-after-ripple-vs-sec-case-closure-and-1-9b-whale-activity](https://bravenewcoin.com/insights/xrp-price-prediction-xrp-targets-4-after-ripple-vs-sec-case-closure-and-1-9b-whale-activity)

[7] CoinCodex, [https://coincodex.com/crypto/ripple/price-prediction/](https://coincodex.com/crypto/ripple/price-prediction/)

[8] Crypto Economy, [https://crypto-economy.com/xrp-breaks-multi-year-resistance-low-cap-gem-eyes-9500-surge-like-early-doge/](https://crypto-economy.com/xrp-breaks-multi-year-resistance-low-cap-gem-eyes-9500-surge-like-early-doge/)