XRP Surges 18% Overnight After Landmark Ripple Win—What It Means for Crypto Investors

XRP Breaks $3 as Regulatory Clouds Lift The cryptocurrency market woke up to a decisive move from Ripple’s native token on 7 August, with XRP bursting through the psychologically important $3.00 mark for the first time since 2021. The token printed an intraday high of $3.02 before consolidating just below the threshold, signaling renewed bullish momentum as traders position ahead of a pivotal legal deadline in mid-August. SEC Lawsuit Enters Final Stretch Fueling the optimism is fresh progress in Ripple’s long-running battle with the U.S. Securities and Exchange Commission. In a joint filing this week, Ripple and the SEC requested dismissal of remaining appeals, effectively drawing a line under the five-year courtroom saga that has weighed on sentiment. The agency must still submit a final status update to the U.S. Court of Appeals by 15 August, a procedural step that analysts say could deliver the long-awaited stamp of regulatory clarity. Bullish Price Targets Emerge With the lawsuit seemingly resolved, analysts are raising forecasts. Brave New Coin’s proprietary on-chain model now projects a path toward $4.80 if bullish volume persists. Separately, Economic Times analysts see a near-term range of $3.12–$4.45, provided the token holds above its 200-day moving average at $2.80. On-Chain Metrics Flash Green Data from XRP Ledger shows daily active addresses climbing to a three-month high, while exchange outflows hint at accumulation by long-term holders. The network’s average transaction cost remains under $0.0002, preserving Ripple’s competitive edge in cross-border payments. Technical Snapshot • Support levels: $2.88, $2.70 • Resistance levels: $3.25, $3.60 • RSI: 68 (approaching overbought, but room to extend) A decisive weekly close above $3.25 would confirm a breakout from the two-year descending channel, opening latitude for a rally toward the 2018 record of $3.84. Macro Tailwinds and Market Context Bitcoin’s dominance slipped to 49.1% as capital rotated into large-cap altcoins, spotlighting XRP’s upside potential. Meanwhile, remittance giants in Asia-Pacific are piloting RippleNet’s On-Demand Liquidity service, a development that could expand real-world utility and underpin price appreciation. What to Watch Next • 15 August: SEC progress report deadline • Mid-September: Ripple Swell conference, where new banking partnerships are often announced • Q3 Earnings: Updates on Ripple’s share buyback and potential IPO chatter Bottom Line Legal closure, improving fundamentals, and a favorable market cycle have converged to put XRP back on the radar of traders and institutions alike. A clean resolution with the SEC could remove the final overhang and give the token the runway it needs to reclaim—and possibly surpass—its all-time highs in the months ahead.