Ripple's XRP has surged to $3.3 following the resolution of its legal battle with the SEC, sparking renewed institutional interest. Analysts forecast a potential rally to $6–$8, echoing the 2017 breakout pattern. The cryptocurrency has surpassed the $2.60–$2.80 resistance zone, with momentum indicators approaching historical highs.
Further boosting sentiment, Blue Origin has begun accepting XRP as a payment option, and the SEC has approved Ripple's updated Regulation D exemption. XRP's trading volume hit $8.2 billion, and it reclaimed the $3.15 support level, essential for sustaining its bullish trend. Glassnode data shows a decline in transaction counts since mid-July, indicating that recent gains may be driven by larger trades rather than increased network activity.
Ripple's XRP Eyes $8 as Legal Clarity Spurs Institutional Interest
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