XRP trades near $3 today after a wave of bullish momentum in August. With a five-year legal battle finally over and ETF optimism growing, analysts say XRP could be gearing up for its biggest rally since 2017.
XRP price today: Hovering near $3 after breaking key resistance
On August 13–14, XRP jumped above its long-held $3.27 resistance, reaching an intraday high of $3.33 on triple its average trading volume. While prices have since pulled back slightly to $3.08, the trend remains positive.
Last week alone, XRP-focused funds attracted $9.1 million in institutional inflows — a six-month record — signaling renewed confidence among whales and asset managers.
Legal clarity removes biggest overhang
On August 8, Ripple and the SEC filed to dismiss all remaining appeals, ending the years-long lawsuit that hung over XRP’s price.
The finality of the court’s ruling — that XRP is not a security when traded on secondary markets — has removed a major cloud from the asset. Analysts now consider the case closed, freeing XRP to re-enter U.S. platforms and ETFs without compliance roadblocks.
ETF rumors spark next wave of buying
After Ethereum’s ETF success earlier this year, traders have turned their attention to XRP.
Speculation around a possible XRP spot ETF has intensified, with some insiders pointing to a Q4 2025 window for regulatory updates. If approved, analysts say XRP could mirror Ethereum’s 2024 surge, especially as capital rotates from larger-cap tokens to mid-cap plays like XRP.
Can XRP hit $5—or more?
Some analysts now compare XRP’s current setup to its 2017 breakout, when it surged over 1,000% in a matter of weeks.
Forecasts vary:
- Conservative targets: $5–$6
- Aggressive scenarios (with ETF approval): $9–$15, a 387% potential gain from current levels
Technical charts show a bullish pennant formation, with price action aligning with historic cycles.
Traders rotate to MAGACOIN amid FOMO
Even as XRP gains momentum, many retail and crypto whales have started shifting funds into MAGACOIN FINANCE, a new presale project gaining buzz.
- Presale growth: Final stage underway
- Projected ROI: Up to 40,000%, according to some analyst projections
- Narrative: MAGACOIN taps into meme-coin virality with DeFi utility
This trend mirrors the 2020–2021 altcoin surge when early-stage projects briefly outperformed majors like XRP and Ethereum.
Key takeaways
- XRP price today sits near $3.08, holding above key support
- Legal clarity and ETF rumors have reignited investor interest
- Institutional inflows and breakout momentum suggest higher upside
- Short-term resistance: $3.50
- Long-term targets: $5–$15 if catalysts align
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