TLDR
- XRP rose 3.10% from $3.24 to $3.33, with strong institutional buying driving the price action
- Ripple and the SEC have withdrawn all appeals, ending years of litigation
- Price broke key resistance at $3.27 on volume nearly triple the 24-hour average
- Cup and handle pattern formation suggests potential for significant upward movement
- Analysts project price targets ranging from $6-8 to as high as $11
XRP has shown strong performance in recent trading, climbing from $3.24 to $3.33 for a 3.10% gain over 24 hours. This upward movement comes as Ripple and the SEC formally withdrew all appeals, concluding years of legal battles that had created uncertainty around the cryptocurrency.
The price action carved out a $0.14 corridor between $3.20 and $3.34, reflecting 4.20% volatility amid clear institutional buying. The most notable move occurred at 13:00 when XRP broke through resistance at $3.27 on 217.4 million volume—almost triple the 24-hour average.
This breakthrough was followed by sustained overnight accumulation with volumes exceeding 117 million in consecutive hours. Support has solidified in the $3.20-$3.22 zone, while profit-taking emerged at $3.34 into the session close.
The recent price movement has established fresh support at $3.33 following intraday highs of $3.34. Immediate upside targets are now seen at $3.35-$3.36 if the current momentum continues.
Technical Patterns Point to Further Gains
Technical analysts have identified a nearly completed cup and handle pattern for XRP that began forming in January 2025. This bullish formation started with XRP falling from $3.39 in January to a low near $1.64 in April, establishing the “cup” base.
The token then built momentum steadily, surging back to a high in July, forming the cup’s rim. The subsequent “handle” phase, marked by a minor price pullback in early August, represents the final consolidation before a potential breakout.
According to analysts, this pattern could propel XRP’s price significantly higher, with projections ranging from $8-9 based on the cup’s vertical depth and breakout level. The volume trends—rising during the cup’s formation and diminishing during the handle—align with classic technical expectations.
$XRP targets $11 after breaking out of a bullish flag on the weekly chart! pic.twitter.com/OEyXO5jf5b
— Ali (@ali_charts) August 10, 2025
For the pattern to confirm, traders are watching for a decisive daily close above the $3.20 resistance level with rising volume. As of mid-August, XRP was trading just above this critical threshold.
Further analysis points to even more ambitious targets. Some experts have identified a bullish flag breakout on XRP’s weekly chart, formed after a 580% surge from below $0.50 to over $3.40 between late 2024 and mid-2025.
Following a 24-week consolidation, XRP broke out decisively around $2.25 and has maintained upward momentum since. Using Fibonacci extension levels, price targets of $5.75 and even $11.20 have been suggested.
Legal Clarity Boosts Market Confidence
The withdrawal of all appeals in the Ripple-SEC case marks a crucial turning point for XRP. This legal resolution removes a major cloud of uncertainty that had hung over the cryptocurrency for years.
The legal victory has restored investor confidence and opened the door for broader market access. This development, combined with Ripple’s expanding global payment partnerships, enhances XRP’s utility and market position.
Market experts believe this progress could accelerate approval of a U.S. spot XRP ETF, potentially attracting more institutional investors. Rising futures interest and positive funding rates already indicate growing institutional attention.
These developments position Ripple strongly within the competitive cross-border payments space. As institutional interest continues to grow, XRP’s market momentum is expected to strengthen further in the coming months.
For traders and investors, the coming weeks will be critical. A confirmed break above the $3.30 resistance level may trigger a fresh rally to $3.50 and beyond, while failure to hold current levels could lead to sideways action or corrections.
The intersection of strong technical setups, legal clarity, and Ripple’s expanding global presence makes a compelling case for XRP’s potential price appreciation in both the near and medium term.
