08.08.2025 10:06
XRP experienced a dramatic surge, climbing 11.4% in a single day to reach $3.33. This impressive rally added over $20 billion to its market capitalization, significantly outpacing the broader cryptocurrency market's 2.69% increase. Trading volume also exploded, rising 189% to a staggering $11.8 billion, according to data from CoinMarketCap. The cryptocurrency's market cap now stands at a substantial $198 billion.
This remarkable price movement followed the official conclusion of the lengthy legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). On August 8th, both parties jointly dismissed all outstanding appeals, solidifying Judge Analisa Torres' 2023 ruling. This landmark decision declared that XRP sales on public exchanges are not securities, although institutional sales remain subject to regulatory compliance. This clears years of regulatory uncertainty for XRP, making it the first altcoin to achieve U.S. court-backed legal clarity. The ruling has already prompted a wave of increased activity on cryptocurrency exchanges.
Binance, for example, witnessed a 172% jump in XRP trading volume after the announcement. This legal resolution paves the way for banks, payment processors, and exchanges to confidently reinstate XRP listings without fear of legal repercussions. Furthermore, Ripple avoided a potentially crippling $2 billion penalty, instead settling for a considerably smaller $125 million fine.
Adding to the positive sentiment, speculation regarding a potential BlackRock XRP ETF has intensified following the successful resolution of the lawsuit. Technically, XRP has decisively broken through the $3.33 Fibonacci resistance level. While the Relative Strength Index (RSI) of 61.53 suggests a neutral market position, further upward movement is possible. However, significant transfers of 190 million XRP to exchanges, as revealed by on-chain data, hint at potential short-term selling pressure around the psychologically significant $3.50 price point. Investors are now keenly observing key metrics such as institutional adoption through RippleNet partnerships and the launch of Ripple's RLUSD stablecoin integration as potential future catalysts for further price appreciation. Information compiled from internet sources.
