XRP is gaining significant bullish momentum following the official end of the long-standing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. With investor sentiment turning overwhelmingly positive, the token is edging closer to its all-time high (ATH), facing just two key resistance levels before a potential breakout.
SEC-Ripple Lawsuit Officially Concluded
On August 7, the SEC and Ripple jointly filed to dismiss all remaining appeals in the U.S. Court of Appeals for the Second Circuit. This move brings full closure to the years-long legal battle that cast uncertainty over XRP’s regulatory status. The resolution has triggered renewed interest in XRP, both from retail and institutional investors.
XRP Price Nears Crucial Resistance Zones
Currently trading around $3.24, XRP is just 15% away from retesting its ATH of $3.84, set back in January 2017. Despite a minor pullback following an 11% surge after the legal resolution, XRP continues to trade above the 20-day EMA—signaling strong short-term bullish momentum.
Before reaching its ATH, this digital asset must overcome two key resistance levels:
- $3.40–$3.45: This range has historically acted as a major resistance zone, previously rejecting XRP’s attempts during past rallies—including the recent post-SEC news surge.
- $3.70: A secondary resistance level where price action stalled in mid-July. A breakout above this point could serve as a launchpad toward the ATH.
XRP ETF Hype Builds as Institutions Line Up
The SEC’s settlement with Ripple has also ignited institutional interest in launching XRP ETFs. Major players such as Grayscale, Bitwise, 21Shares, and Canary Capital have already submitted applications for XRP exchange-traded funds.
Analysts estimate a 95% chance of approval, citing the removal of legal uncertainty as a key catalyst. Many experts also anticipate BlackRock, the world’s largest asset manager, to file its own XRP ETF application in the near future.
What’s Next for XRP?
With regulatory clarity now in place and growing institutional momentum, this digital asset is in a strong position to challenge its all-time high. Investor sentiment remains bullish, and any successful breach of the key resistance levels at $3.45 and $3.70 could open the door for a major breakout.
As ETF speculation intensifies and bullish technical signals remain intact, this digital asset could soon join the ranks of Bitcoin and Ethereum in corporate portfolios and regulated investment products.
