XRP has staged a sharp rally, climbing 8% in the past 24 hours to $3.32, after a major breakthrough in the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission.
Both parties have officially withdrawn their appeals, removing one of the biggest clouds hanging over the cryptocurrency for the past five years.
The move is being celebrated by investors as a pivotal moment that could open the door for greater institutional adoption, especially as speculation builds that an XRP exchange-traded fund (ETF) could soon be on the horizon. Market chatter even suggests that BlackRock may be preparing to file for such a product.
Ripple’s $200M Acquisition Signals New Era for XRP Utility
Adding to the bullish sentiment, Ripple recently acquired payments platform Rail for $200 million. This acquisition will integrate XRP and Ripple’s RLUSD stablecoin into Rail’s network spanning 37 countries, significantly boosting its real-world utility.
Industry analysts note that:
- RLUSD adoption could increase demand for XRP as a bridge asset in cross-border transactions.
- The acquisition strengthens Ripple’s compliance profile, making it more appealing to institutional investors.
- The integration of hybrid crypto/fiat systems positions Ripple as a leader in regulated digital payments.
Currently, RLUSD’s circulation stands at $500 million, with expectations for rapid growth as new payment corridors are launched.
Macro Tailwinds: Trump’s 401(k) Crypto Order
The policy landscape also shifted this week when U.S. President Donald Trump signed an executive order allowing cryptocurrencies in 401(k) retirement plans. This decision could channel an estimated $125 billion into the crypto market, with regulated and high-liquidity assets like XRP poised to benefit.
While this is a long-term positive, analysts warn of short-term volatility if Bitcoin’s dominance – currently near 60% – rebounds, which could trigger profit-taking in altcoins.
$XRP on target! ✅ https://t.co/QWO9rsC0nk pic.twitter.com/4moUVn05JX
— Ali (@ali_charts) August 8, 2025
Technical Outlook: Breakout and Bullish Structure
On the technical side, XRP has rebounded strongly from its recent wedge pattern breakout, reclaiming the $3.20 zone as support after a healthy pullback. Price action now shows consolidation above this key level, maintaining its position within a broader ascending channel.
- Immediate support: $3.20
- Key resistance: $3.50
- Target: $3.80 in the near term if bullish momentum continues
The Relative Strength Index (RSI) is currently near 60, suggesting room for further upside before entering overbought territory, while MACD levels remain in bullish alignment.
XRP Price Prediction
If $3.20 holds as support, XRP could challenge $3.50 in the coming sessions, with $3.80 as the next major target. A successful break above $3.80 would open the door to testing $4.00, a level not seen in years. However, failure to maintain $3.20 could see XRP retest $3.00 before attempting another move higher.
The 1-day technical analysis from TradingView shows rather bullish sentiment – the summary points to “buy” with 14 signals, moving averages show “strong buy” with 14, and oscillators are at “sell” with 3.
What to Watch Next
- Any official filing for an XRP ETF, particularly from BlackRock or other major asset managers.
- Growth in RLUSD circulation and expansion into new payment corridors.
- Market reaction to inflows from Trump’s 401(k) crypto order.
With legal clarity restored, expanding utility, and potential ETF approval, XRP now sits at the center of bullish narratives that could define its trajectory for the rest of 2025.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/market/xrp-latest-news-price-surges-to-3-3-after-legal-battle-with-sec-ends/