The XRP price surged 10.97% to $3.33 on August 8, 2025, following the conclusion of Ripple's legal battle with the SEC, marking one of the strongest performances among major cryptocurrencies. By August 11, the token climbed another 11% to peak at $3.27 before settling at $3.22, as institutional trading volumes exploded 208% to $12.40 billion.
Technical analysts are projecting ambitious targets, with GalaxyBTC identifying a recurring long-term pattern resembling 2014-2017 cycles that could propel XRP to $10—a move that would require a $580 billion market cap. ChartingGuy cited a 2017 fractal supporting an $8 target, while CrediBULL Crypto emphasized that breaking $3.80 would trigger a rally toward $8-$10. Key resistance levels are now set at $3.24-$3.27, with $3.12 acting as a critical breakout threshold according to EGRAG CRYPTO.
Institutional activity surged dramatically, with derivatives volume jumping 197% to $18.26 billion and options volume spiking over 1,300%. Open interest rose 20% to $8.82 billion, signaling heavy positioning. Dark Defender confirmed a predicted dip to $2.8558 before the rebound, noting alignment with wave patterns.
The lawsuit's dismissal eliminates regulatory uncertainty, accelerating corporate treasury interest despite BlackRock denying immediate ETF plans. Ripple CTO David Schwartz further bolstered ecosystem confidence by announcing a New York-based XRPL server for network testing, stressing it wouldn't compromise decentralization.