XRP News Today: XRP Surges 12% After SEC Lawsuit Dismissal and Bullish Technical Breakout

XRP has recently broken out of a bullish flag pattern on the weekly chart, marking a key technical milestone for the cryptocurrency. The consolidation phase that preceded the breakout occurred between late 2024 and mid-2025, following a prior price surge. The breakout took place near the $2.25–$2.30 range, above the 0.786 Fibonacci retracement level. As of the latest data, XRP has climbed to around $3.23, maintaining the integrity of its bullish structure [1]. Analyst Ali Martinez has identified this pattern as a potential precursor to a significant price rally, with the 1.618 Fibonacci extension level projecting a price target of $11.20 [1].

The technical case is further supported by on-chain metrics. Martinez noted that XRP’s MVRV ratio has recently flashed a bullish signal, similar to previous instances that preceded major rallies of 630% and 54%. This marks the third such bullish event in XRP’s history and could signal a repeat of strong upward momentum [1]. A 630% rally from current levels would push the price toward $24, potentially elevating XRP’s market cap to over $1.44 trillion. Meanwhile, a 54% rally would bring the price to $5.10, reinforcing the asset’s growing institutional appeal [1].

The bullish narrative has been further strengthened by the resolution of the Ripple vs. SEC lawsuit, which was dismissed on August 7, 2025. This development has removed a major regulatory overhang and is expected to facilitate broader institutional adoption. In the 24 hours following the dismissal, XRP surged over 12%, trading at $3.33 with increased volume [2]. Analysts are now monitoring key support and resistance levels around $3.20 and $3.39, respectively, as XRP continues its upward trajectory [2].

Institutional interest is also on the rise. On Binance, the long/short ratio has shifted decisively in favor of long positions, with a ratio of 2.74, indicating strong conviction among market participants [2]. In addition, Japan-based SBI Holdings has filed to launch a Bitcoin-XRP ETF, a move that could boost demand for the asset and increase its mainstream appeal [2]. These developments suggest that XRP is gaining traction among both retail and institutional investors.

Technical indicators continue to support the bullish case. Alongside the flag pattern, XRP has also formed a cup-and-handle pattern, which suggests a potential price target of $5.20 [9]. These formations, combined with legal clarity and growing institutional interest, are fueling expectations that XRP could reach $8 to $15 over the coming months, depending on sustained buying pressure and market sentiment [2].

However, analysts caution that XRP must hold above the $3.20–$3.22 level to maintain its short-term uptrend. A breakdown below this threshold could see the price fall to $3.10 or even the 200-day EMA at $2.95 [2]. While the outlook remains positive, careful monitoring of key levels will be crucial in determining the asset’s next directional move.

With legal uncertainty behind it and technical and on-chain indicators aligning in its favor, XRP appears to be entering a new phase of growth. Whether the price reaches $8 in the near term or gradually moves toward the $11.20 target, the current conditions suggest that XRP is in a stronger and more favorable environment than it has been in years [1][2].

Source:

[1] [XRP Breaks Out of Bullish Flag Pattern, Eyes $11 Price Target](https://coinedition.com/xrp-breaks-out-of-bullish-flag-pattern-eyes-11-price-target/)

[2] [XRP Eyes $8 Breakout as Ripple-SEC Lawsuit Officially Ends](https://bravenewcoin.com/insights/xrp-price-prediction-xrp-eyes-8-breakout-as-ripple-sec-lawsuit-officially-ends)

[9] [Altcoins to Buy as Crypto Bull Run Nears: Chainlink, Ripple ...](https://www.ainvest.com/news/altcoins-buy-crypto-bull-run-nears-chainlink-ripple-pepe-2508/)