XRP Bull Flag Signals Breakout as Ripple-SEC Case Ends

XRP is gaining renewed momentum as a bullish breakout pattern emerges, coinciding with the final resolution of the long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This shift in XRP’s fundamental narrative, combined with technical indicators, positions the token for a potentially explosive climb in the coming months.

Trading activity for XRP surged recently, with volume peaking at over 300 million during a wave of institutional interest. The convergence of bullish chart signals and the removal of legal uncertainty has encouraged speculation of extended upside. At the heart of this rally is the landmark court development—Ripple and the SEC jointly agreed to end their appeals, bringing a four-year regulatory standoff to an official close.

The conclusion of this litigation could unlock greater institutional access to XRP in U.S. markets, which were previously cautious due to regulatory ambiguity. Prices have shown strong buyer interest above the $3.10 level, with the token consolidating above $3.30, signaling persistent demand and investor confidence even after the initial breakout. Moreover, the filing of an XRP-related ETF by Japan’s SBI Holdings adds another layer of potential market expansion.

Technical Analysis Overview

In a 24-hour window ending August 8, XRP surged 11%, jumping from $2.99 to $3.30. The rally intensified between 19:00 and 22:00, during which multiple resistance zones were decisively broken. Notably, a single hour at 21:00 recorded a spike in volume exceeding 300 million, indicating pronounced institutional activity.

During this rapid price movement, the range covered was $0.35, representing a 12% volatility with lows at $2.97 and intraday highs touching $3.33—where a new resistance level has formed. Despite this resistance, XRP maintained strength, as demand solidified above $3.10, especially in the latter part of the trading session.

Legal Milestone and Market Sentiment

The dismissal of the court appeals between Ripple and the SEC marks a monumental shift for XRP. In a joint filing with the Second Circuit Court of Appeals, both parties agreed to drop their remaining legal challenges. Ripple’s Chief Legal Officer Stuart Alderoty confirmed the action on the social platform X, indicating that each side would cover its own legal expenses.

“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,” Alderoty stated. The resolution alleviates a significant regulatory burden on XRP and provides the crypto space with newfound clarity on how tokens may be treated under U.S. securities laws. This legal outcome, combined with upcoming innovations such as SBI Holdings‘s proposed Bitcoin-XRP ETF, suggests a bullish horizon for XRP.

Related: XRP Price: $12M Max Pain for Bears

Current Market Dynamics

• XRP recorded an 11% rise between August 7 at 01:00 and August 8 at 00:00, fueled by trading volume crossing 300 million
• Price tightened within a narrow range of $3.30–$3.33 during a nearly hour-long stretch, reflecting a stable floor of support
• Technical patterns indicate bull flag setups, projecting long-term breakout targets ranging between $8.00 and $15.00

Indicator Breakdown

• 21:00 volume spike confirms robust institutional accumulation
• Bull flag continuation patterns support forecasts of substantial upward movement
• New resistance is established firmly at $3.33, with support strengthening above $3.30 during post-surge consolidation
• Multiple resistance levels were overtaken during the evening rally window, especially between 19:00–22:00
• Consistent demand surfaced above $3.10 late in the session

Key Factors Traders Are Monitoring

• Follow-through institutional buying now that regulatory uncertainties are resolved
• Progress on ETF approvals in Japan and possible new market entrants globally
• Potential test and break of the $3.33 resistance barrier, with a near-term aim of $3.65
• Retail investor enthusiasm reigniting in response to favorable legal outcomes

In summary, recent developments have turned the tide for XRP, reinvigorating both technical and fundamental market outlooks. As momentum builds and legal overhangs clear, traders and investors alike are watching how far this altcoin can climb—especially with bull flag projections setting ambitious targets well beyond current levels.