Ripple’s Legal Clarity Boosts XRP Outlook, Bull Flag Suggests $8 Upside

XRP Rallies as Legal Clarity and Institutional Demand Drive Breakout

XRP surged past key resistance levels on August 8, bolstered by a sharp rise in institutional demand and the resolution of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).

Trading volume soared to over 300 million, fueling a price rally from $2.99 to $3.30, a move reflecting both technical breakout momentum and renewed investor confidence. The rally unfolded rapidly during the evening hours, with multiple resistance levels breached between 19:00 and 22:00 UTC.

Legal Milestone Ends Multi-Year SEC Dispute

The price action coincided with a pivotal legal development: Ripple and the SEC jointly dropped their appeals in the high-profile XRP case. The Second Circuit Court formally recognized the dismissal, with both parties agreeing to cover their own costs.

Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the filing, signaling the end of regulatory uncertainty that has weighed on XRP since 2020.

Institutional Flows and ETF Buzz Add Tailwinds

Beyond legal clarity, XRP’s rally has been supported by broader macro and structural drivers. SBI Holdings’ filing for a Bitcoin-XRP ETF has added another layer of institutional interest. Analysts point to heavy accumulation around the $3.10–$3.30 zone, a sign of strong conviction among buyers.

Technical Overview

• Price Action: XRP climbed 11% within 24 hours, hitting a high of $3.33.
• Volume: Trading volume peaked at 300M, suggesting institutional-scale transactions.
• Support & Resistance: New resistance is forming at $3.33, with firm support holding above $3.30.
• Volatility: Price range expanded by 12%, from a session low of $2.97 to a high of $3.33.
• Bull Flag Structure: Chart patterns indicate possible breakout targets between $8 and $15.

Outlook

The removal of the regulatory overhang and a surge in institutional participation position XRP for potential long-term upside. Bullish technicals, increasing ETF-related demand, and robust accumulation could set the stage for continued price expansion — particularly if broader crypto momentum persists.