XRP News Today: XRP Rises 1.05% Amid SEC Case Dismissal and Key Resistance Test

On August 11, XRP price movements attracted attention as the digital asset traded at $3.2257 at press time, showing a 1.05% increase in the previous 24 hours according to CoinMarketCap [3]. Technical indicators suggest XRP is consolidating near key levels, with local support identified at $3.1720 and resistance at $3.333. On the hourly chart, the price appears to be retesting the $3.1720 support level, and if a daily candle closes below it, further correction toward the $3.10–$3.15 range could follow [3].

A breakout above $3.33–$3.36 could trigger a rally to $3.40 and beyond, with potential extension to $3.60 if the upward momentum remains intact [4]. The 4-hour chart shows XRP forming a symmetrical triangle pattern, a common consolidation phase before a breakout, with the EMA-20 at $3.23 and EMA-50 at $3.16 providing near-term directional support [4]. If buyers continue to step in during pullbacks into the EMA-20, the short-term bullish structure could remain intact [4].

Analysts have highlighted potential price targets for XRP based on technical developments. Brave New Coin notes that the near completion of a cup and handle pattern could push XRP toward $11 [1]. Another analyst forecasts a more ambitious $15 target, representing a 328% increase from the current $3.25 level [2]. These forecasts, however, remain speculative and contingent on market behavior.

Market flows also played a role in the day’s price action. Fresh net inflows of $43.25 million to exchanges suggest increased short-term supply, which could slow upside momentum in the near term. If inflows persist, resistance levels may hold longer than expected. Conversely, sustained outflows could strengthen the trendline and facilitate a clearer breakout [4]. Institutional money also entered the market, with XRP rising past $3.25 amid the U.S. Securities and Exchange Commission’s dismissal of its case against Ripple Labs [5]. This regulatory development served as a catalyst for buying interest, reinforcing the short-term bullish outlook.

Looking ahead, analysts suggest that if XRP breaks and holds above $3.33–$3.35 with strong volume, it could move toward $3.55–$3.60 in the near term [6]. The immediate focus remains on consolidating above $3.28 and testing key resistance levels. A successful breakout from the triangle pattern could mark a turning point for XRP, potentially setting the stage for a more substantial rally. While the $5–$10 range is seen as a medium-term target, the broader market environment and regulatory developments will continue to influence the asset’s trajectory in the coming weeks.

Source:

[1] XRP Price Prediction: Ripple Price Could Rally to $11 as ... (https://bravenewcoin.com/insights/xrp-price-prediction-ripple-price-could-rally-to-11-as-cup-and-handle-pattern-nears-completion)

[2] Here's Why This Analyst Believes XRP is Now Setting Its ... (https://thecryptobasic.com/2025/08/11/heres-why-this-analyst-believes-xrp-is-now-setting-its-sights-on-15/)

[3] XRP Price Prediction for August 11 (https://u.today/xrp-price-prediction-for-august-11)

[4] XRP price prediction: Consolidates near $3.28 as breakout ... (https://tradersunion.com/news/cryptocurrency-news/show/429349-xrp-price-prediction/)

[5] XRP Price Prediction: Institutional Money Floods Following ... (https://coincentral.com/xrp-xrp-price-prediction-institutional-money-floods-following-sec-case-dismissal/)

[6] XRP eyes $3.70 after $3.30 surge — is the $5 target now in ... (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)