XRP Bull Flag Points to $8 as Ripple-SEC Case Reaches End
XRP saw a notable price advance on August 8, 2025, rising 11% as trading volumes hit 300 million. The surge followed the conclusion of legal appeals between Ripple Labs and the U.S. Securities and Exchange Commission, removing a key regulatory overhang. The market responded with renewed institutional interest, reflecting in high-volume accumulation and bullish technical formations.
Key metrics
- Price increase: 11% in the 24-hour period ending Aug 8.
- Trading volume: 300 million vs. 152 million daily average.
- Resistance level: $3.33, based on volume-weighted breakout.
- Support zone: $3.10, underpinned by institutional bids.
Bull-flag chart pattern
The XRP/USD pair formed a classic bull-flag structure following a strong advance (flagpole) and a consolidation channel (flag). Breakouts from the upper trendline historically lead to gains proportional to the flagpole’s height. In this instance, technical models project a potential upside target around $8, representing an approximate 520% increase from current levels.
Legal clarity
The SEC withdrew its appeal on August 7, finalizing a settlement under which Ripple Labs and the SEC agreed to bear their own costs. The absence of pending litigation removed significant uncertainty, paving the way for renewed capital flows into XRP token markets.
Outlook
Institutional traders will watch for confirmation of the bull-flag breakout, with potential follow-through toward higher price zones. Broader market sentiment and macroeconomic factors, including central bank policy and regulatory developments, will influence XRP’s next directional moves.
By Shaurya Malwa, CD Analytics.
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