XRP News Today: XRP Surges 12% as Ripple Legal Battle Ends and Regulators Shift Stance

Crypto exchange Uphold has released a bullish weekly report on XRP, emphasizing key legal and market developments that have reshaped the token’s trajectory. The report notes that Ripple and the U.S. Securities and Exchange Commission (SEC) have both withdrawn their appeals, effectively ending the nearly five-year legal battle. The 2023 court ruling, which concluded that XRP sales on secondary markets do not constitute securities transactions, remains in place. Uphold described this outcome as a pivotal moment for XRP, signaling a move toward greater regulatory clarity in the digital asset sector. The resolution is expected to encourage institutional adoption and product integrations that were previously hindered by the ongoing litigation [1].

Market performance has reflected this optimism. XRP rose 12% in the week following the case closure, briefly surpassing $3.30 before experiencing a minor pullback. Uphold attributed the strength to favorable macroeconomic developments, including new U.S. rules allowing 401(k) retirement accounts to hold crypto and the nomination of a Federal Reserve official known for criticizing the dollar’s strength. These policy shifts have seemingly boosted investor confidence in digital assets [1].

Technical indicators also point to a constructive trend for XRP. The token traded at approximately $3.31 at the time of the report, with a weekly range between $3.18 and $3.33. Uphold’s analysis highlights a sustained ascending channel pattern and increased on-chain transaction volume following the legal news, suggesting heightened market activity. The exchange advised investors to watch the $3.30 to $3.35 range for potential breakout moves, noting that sustained momentum could continue into August if current trends persist [1].

Other reports from multiple sources corroborate the bullish sentiment. XRP surged nearly 480% year-over-year, reaching $3.30, with regulatory clarity and ETF speculation cited as major contributors to the rally. BlackRock’s exploration of an XRP ETF and the token’s $1.9 billion trading volume further underscore growing institutional interest [2]. However, XRP has struggled to break through the $3.50 resistance level, where analysts remain cautious. Some reports suggest that while the price has stabilized near $3.30, a retest of support at $3.23 could be necessary before a strong upward move [3].

Looking ahead, the market will closely monitor whether the legal resolution can drive XRP into a new phase of adoption and price growth. Analysts have offered varying forecasts. In a bullish scenario, a favorable SEC ruling by mid-2026 could see XRP reach $8–$10 [4]. Others remain skeptical, noting that broader macroeconomic pressures could counteract the positive momentum [1].

The legal closure is widely seen as a major milestone, but Uphold cautions that the next phase of XRP’s performance will depend on how the market reacts in the coming weeks. The token must now navigate a landscape where regulatory clarity exists but investor sentiment and macroeconomic forces remain influential [1].

Source:

[1] TimesTabloid – https://timestabloid.com/top-exchange-releases-xrp-bullish-report-for-the-week/

[2] AInvest – https://www.ainvest.com/news/xrp-news-today-ripple-legal-win-sparks-xrp-surge-1-billion-trading-volume-2508/

[3] NewsBTC – https://www.newsbtc.com/analysis/xrp/xrp-holds-the-line-at-3-30/

[4] InteractiveCrypto – https://www.interactivecrypto.com/xrp-price-prediction-can-it-really-hit-10-by-2026or-is-this-a-pipe-dream