Overview

• Ripple and the U.S. Securities and Exchange Commission filed a joint motion on August 7 to dismiss all remaining appeals, fully ending the nearly five-year lawsuit over XRP’s classification.
• XRP’s price climbed roughly 10–11% to about $3.33 after the appeals were dismissed, breaking back above the $3.00 mark for the first time since early 2021.
• Institutional trading volumes surged more than 200% to nearly $12.4 billion, while derivatives open interest rose about 20% and options trading jumped over 1,300%.
• Technical analysis now highlights support at $3.15–$3.16 and resistance at $3.24–$3.27 as critical levels for near-term traders.
• Analysts including GalaxyBTC say flipping $3.35 into support could clear the way for a rally toward $10 based on recurring long-term price patterns.