XRP News Today: XRP Surges Past $2.25 Resistance Amid Bullish Technical Breakout

XRP has recently demonstrated a strong bullish breakout following a months-long consolidation pattern, sparking renewed interest among investors and analysts. On August 8, the asset surged past the $2.25 resistance level, breaking out of a bullish flag pattern and reaching $3.23. This technical development has led several analysts to project further upward movement, with price targets extending to as high as $11 [2].

The breakout is viewed as significant due to its alignment with Fibonacci extension levels and classic technical formations. Analysts have drawn comparisons between XRP’s current price trajectory and historical patterns from 2014 to 2017, where the asset formed higher lows before breaking resistance [2]. Some have also noted that a close above $3.35 could potentially push XRP toward $4.20 and, eventually, $10. At that level, the coin’s market capitalization could exceed $580 billion based on its current circulating supply [2].

The recent price action coincides with increased market activity. Data from Coinglass showed a 197% surge in XRP derivatives volume to $18.26 billion in a single day. Options trading volume rose more than 1,300%, while open interest in futures climbed 20% to $8.82 billion [2]. These metrics suggest growing positioning among traders for a potential price move above $4.

The timing of the breakout has also drawn attention given XRP’s historical performance in August. The asset has shown strong returns in this month in previous years, with gains of up to 59.9% recorded in 2021 and 52.1% in 2017. August 2025 has already seen a 35% gain following smaller increases in June and July [2].

A key legal development has further supported the bullish outlook. The recent dismissal of the SEC lawsuit against Ripple has removed a major regulatory uncertainty, creating a more favorable environment for XRP’s price to move higher [3]. Analysts such as Ali Martinez have emphasized that holding above recent support levels is crucial for the continuation of the upward trend [2].

Looking ahead, the coming weeks will be critical in determining whether the projected $8 to $11 range can be reached. Analysts suggest that sustained buying pressure and continued consolidation above key levels could pave the way for a significant price increase. However, if the momentum falters, the asset may enter a period of sideways trading before the next major move [2].

While the $11 target is based on technical analysis and Fibonacci projections, it has not yet been validated by actual price action. Investors are advised to monitor XRP’s movement closely, particularly against key resistance and support levels, and to remain cognizant of broader market conditions and potential regulatory shifts [2].

Source:

[1] U.Today - [XRP to $11? New Price Prediction Says Yes, Bull Triangle ...](https://u.today/xrp-to-11-new-price-prediction-says-yes-bull-triangle-pattern-in-play)

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

[3] AInvest - [XRP News Today: XRP Surges 12% After SEC Lawsuit ...](https://www.ainvest.com/news/xrp-news-today-xrp-surges-12-sec-lawsuit-dismissal-bullish-technical-breakout-2508/)