- XRP price gains momentum after lawsuit dismissal boosts investor confidence.
- A bullish engulfing candle signals the potential start of a major rally.
- Resistance at $3.40–$3.50 could cap further price surges.
XRP price jumped by over 11% in the past 24 hours following a long-awaited resolution in the Ripple vs SEC lawsuit. On August 7, 2025, Ripple Labs and U.S. Securities and Exchange Commission worked together to waive the appeals. The filing was made with the Second Circuit Court of Appeals, formally ending a nearly five-year legal dispute.
XRP price rallies after Ripple-SEC case ends
The dismissal was submitted under Federal Rule of Appellate Procedure 42(b)(1). Each side agreed to cover its own legal expenses. This move confirms the July 2023 ruling by Judge Analisa Torres as the final word on the matter.
That ruling stated that XRP sales on public exchanges to retail investors are not securities transactions. Nevertheless, it also determined that the institutional sale of XRP was a violation of securities laws.
As a result of the final court decision, Ripple must pay a $125 million civil penalty. The company is also barred from conducting further unregistered securities sales to institutions. Despite this, the end of legal uncertainty has boosted market confidence, with XRP recently showing strong Fibonacci support and growing wallet activity.
Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
The end…and now back to business. https://t.co/nVqthNcFOt
— Stuart Alderoty (@s_alderoty) August 7, 2025
Ripple’s Chief Legal Officer confirmed the dismissal, noting that this marks a major turning point. The resolution brings legal clarity for XRP and enables Ripple to resume normal business operations.
XRP Price Poised to Surge Amid Bullish Signals
Crypto analyst EGRAG CRYPTO has made a bullish XRP price call, with a bullish engulfing candle to be formed. This technical signal, according to the analyst, might be a key turning point, which might precondition major upward movement. He terms this candle close as a possible make-or-break and opines that it could be the beginning of a new rally of the bull run.
#XRP : Bullish Engulfing Candle Alert!
This Candle close could be a game-changer—I’d call it a “make-or-break” moment for this #BullRun! 🔥
3 Signs🚦 That Could Pave the Way to New ATH:
▫️Bullish Engulfing Candle: A strong close in this formation indicates bullish momentum!… pic.twitter.com/4EfHy4o25g— EGRAG CRYPTO (@egragcrypto) August 8, 2025
There are three key indicators to this outlook. To begin with, the bullish engulfing candle indicates a good strength of upward momentum. Second, it is necessary to monitor major resistance points to verify the feasibility of the breakout of XRP. Finally, the rising market optimism is an additional indicator of the positive trend. All these factors are likely to catapult XRP to even greater all-time high levels as long as the momentum exists.
How High Can Ripple Price Go?
XRP price has recently experienced a strong bullish rally, climbing from below $2.80 to above $3.30. At the time of writing, the XRP price is trading at $3.33, with more than a 10% surge over the past 24 hours.
The Relative Strength Index (RSI) has shot up to 69.97 and has started cooling off. The present RSI shows that XRP approached the overbought zone but has made a small decline.
The MACD also favors the current uprise. It is above the signal line, and there is still buying interest. The histogram looks positive, but the momentum is also beginning to slow.
The price of XRP can encounter even more resistance in case of another attack on the price of $3.40 or $3.50. Failure to maintain above this level of $3.30 might create a shortcut back to a region around $3.20.
