08.08.2025 06:41

The protracted legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has concluded with a joint dismissal, marking a significant victory for Ripple. This decisive action, formally withdrawing all appeals and solidifying last year's ruling that XRP sales on public exchanges are not securities, has sent ripples through the cryptocurrency market.

Following the announcement on Thursday, August 7th, XRP's price experienced a dramatic upswing, rapidly climbing from approximately $2.99 to exceed $3.30. This surge was accompanied by a significant increase in trading volume, a clear indication of market enthusiasm as investors reacted to the definitive resolution of the nearly five-year legal dispute. Data from CoinMarketCap reflects this heightened market activity.

Technical analysis, fueled by the lawsuit's conclusion, now suggests further price appreciation for XRP. Currently trading near the midpoint of its upward trending channel, the cryptocurrency possesses considerable potential for continued growth. A sustained break above the immediate resistance level of approximately $3.33 could pave the way for XRP to reach significant price targets between $3.50 and $4.00. While a $4 price target represents a longer-term objective, analysts foresee near-term potential for further gains.


The settlement significantly alters the outlook for XRP, shifting investor attention towards the potential approval of a spot XRP exchange-traded fund (ETF). Prominent ETF analysts, Eric Balchunas and James Seyffart of Bloomberg, maintain a bullish outlook, assigning a 95% probability of approval by year's end. This sentiment is echoed by Polymarket, where the odds of approval have surged to approximately 87%, a notable 16% increase since the lawsuit's resolution. The rapid shift in XRP's prospects underscores the considerable impact of the legal outcome.