August 8, 2025

XRP is the talk of the crypto town! After Ripple’s courtroom victory against the SEC, XRP’s price shot up, dancing between $2.90 and $3.00. This zone is a crucial battleground. "If bulls can keep it above $2.98, a move to $3.10–$3.14 is possible," experts say. But if support breaks, the price might fall sharply to $2.65 or even lower, causing big trouble for investors. Here’s the twist—big whale investors have been both heroes and villains. On-chain data shows more wallets holding over one million XRP than ever before, with about 47 billion XRP in their grip. That means many believe in XRP’s long-term future! Yet, in the past month, these giant holders sold around 640 million XRP, worth roughly $1.9 billion! This massive sell-off raises red flags about whether the rally can last. The bounce back now depends on fresh buying from these whales. The best news? On August 7, 2025, Ripple and the SEC jointly ended all appeals in their five-year legal fight. "XRP is no longer considered a security for public exchange trades," easing a huge burden on Ripple and its investors. This legal clarity sparks fresh hope. With the lawsuit behind them, XRP’s future looks brighter. Rumors of ETFs and growing adoption fire up optimism. Institutions are peeking in again, as seen with SBI’s XRP ETF launch in Japan. Analysts are now eyeing $4 to $5 by the year-end, with even higher targets possible if Ripple’s tech boosts cross-border finance. Traders keep a sharp eye on key technical levels. Support at just below $3 is vital, with resistance around $3.05 to $3.10 and $3.67. Breaking above this could send XRP soaring. However, weekly RSI shows bearish divergence—a warning that prices might weaken if volume slows. Looking further ahead, the bulls dream big. If institutional use grows, ETFs approve globally, and Ripple makes deep banking inroads, XRP could hit $5 to $10 or more by 2026. Some even talk fantasy numbers like $1,000, but that depends on XRP becoming a main player in finance. For now, this remains a thrilling possibility. XRP summary in a nutshell: - Price today: Holding tough near $2.90 to $3.00. - Whales: Holding huge sums but selling some, creating tension. - Legal news: Lawsuit is over, clearing major doubt. - Medium-term: ETF talks and adoption might push price toward $4–$5. - Technical view: $3 support is key; bearish signals urge caution. - Long-term: Big potential if Ripple scales up. Why care now? XRP just turned a corner, fueled by legal clarity and big investor moves. But will this rally last? The next weeks will tell if XRP’s rocket will fly high or face turbulence. Keep eyes glued on whale actions and price moves. The crypto drama continues!

Read More at Economictimes →

Tags: Xrp, Cryptocurrency, Ripple, Sec lawsuit, Whales selling, Etf,