XRP’s price surged 11.6% in the last 24 hours, leaving the crypto market with a gain of only 3.15%.
According to CoinMarketCap data, this surge comes after Ripple Labs and the United States Securities and Exchange Commission (SEC) officially withdrew all appeals on August 8, 2025.
This means the four-year legal battle is finally over, and XRP’s status as a non-securities asset for retail transactions is now truly final.
Retail relief as focus now shifts to XRP ETFs
This decision locks in place a July 2023 ruling that separates the treatment of XRP in the retail market from sales to institutional investors.
Transactions on crypto exchanges are considered legal, while direct sales to institutions remain categorized as unregistered securities offerings, complete with a $125 million fine and permanent injunction. On the other hand, for retail market participants, this news is a long-awaited clear win.
Furthermore, the euphoria isn’t just coming from day traders. Analysts believe the next step could be BlackRock’s entry into the XRP ETF arena.
ETF expert Nate Geraci said BlackRock may have been waiting for this moment to start pursuing altcoin ETFs. If that happens, institutional capital inflows could accelerate, and the market could see a new spectacle.
XRP whale activity and technical breakout drive momentum
Furthermore, on-chain data reveals significant movements from XRP whales. In the past 24 hours, approximately 130 million tokens worth $435 million moved to accumulation wallets. This movement adds to speculation that large investors see an opportunity for further upside.
Technically, the XRP price also recently broke through the 23.6% Fibonacci level at $3.33. This level was enough to trigger a series of short position liquidations, further accelerating the price increase. The combination of buying pressure from large investors and technical triggers like this often creates a snowball effect.
According to CoinLore’s analysis, if the XRP price closes above $3.32, it could rise to the next resistance level at $3.39, before making an attempt at the third resistance is at $3.64.
This bullish sentiment is supported by a number of other popular analysts, including Ali Martinez, who had set his short-term target at $3.34 after XRP broke free from an ascending triangle just before the Ripple-SEC case was officially dropped.
Going by the market sentiment, if Ripple (XRP) maintains the bullish momentum, now that it is free from legal battles, we could see a break past the current all-time high of $3.84.