XRP Breaks Out with 11% Surge as Legal Clouds Clear
XRP is back in the spotlight after a blistering 11% rally in just 24 hours, jumping from $2.99 to $3.30 and blasting through key resistance levels. This explosive move, driven by institutional buying and a long-awaited legal resolution with the U.S. Securities and Exchange Commission (SEC), is fueling the XRP bull flag narrative and stoking new bullish sentiment across the market.
With trading volume soaring past 300 million, XRP is showing signs of not just a short-term breakout but a shift in long-term trajectory — one potentially leading to price targets as high as $8, according to some bullish chart interpretations.
Regulatory Overhang Lifted as SEC and Ripple Drop Appeals
After years of litigation, Ripple Labs and the SEC have officially ended their appeals, removing one of the biggest regulatory uncertainties hanging over the token. This historic legal development now opens the floodgates for deeper U.S. institutional involvement in XRP markets.
The SEC officially ended its lawsuit, which immediately triggered massive inflows. As a result, XRP’s momentum gained strength across multiple trading platforms.
Moreover, major exchanges that once restricted XRP now prepare to restore access. This shift will likely improve overall liquidity and rebuild investor confidence.
Institutional Demand and ETF Catalysts Signal Broader Market Shift
The rally was not just fueled by speculative traders. Institutional demand surged, with activity peaking between 19:00 and 22:00 UTC. During that window, XRP obliterated multiple resistance barriers, hitting a session high of $3.33 and logging 12% volatility across a $0.35 price range.
Moreover, a new ETF filing by SBI Holdings added momentum to the XRP narrative. The Japan-based financial giant’s interest in XRP-based financial products may lead to broader adoption — especially if inflows into Bitcoin ETFs continue to lift the entire crypto asset class.
Bull Flag Forming? Price Structure Signals More Upside
Technically, XRP now trades in a consolidation zone above $3.10 with firm resistance at $3.33. Analysts note that the current setup resembles a bull flag pattern, which often precedes further upside when combined with high volume and positive sentiment.
If this breakout structure holds, XRP could target levels near $5.60 in the medium term and as high as $8 during a broader altcoin rally.
Momentum Builds Toward $8 as XRP Reclaims Narrative
From legal relief to institutional flows, the XRP bulls flag is gaining strength. With major resistance breached and a strong accumulation base, momentum continues to build.
The next leg up may push XRP closer to $8 — as long as key support zones above $3.10 remain intact and buying pressure holds steady.
After the SEC resolution, XRP’s market position shifted dramatically. It moved from an embattled altcoin to one of crypto’s top institutional contenders — further validating the XRP bull flag.