TLDR
- The XRP price rose 10.97% in 24 hours to trade at $3.33.
- Analysts predict XRP could reach 10 dollars after the Ripple vs SEC lawsuit ended.
- GalaxyBTC identified a recurring pattern that could support a breakout to $10.
- ChartingGuy expects the current uptrend to continue until the XRP price hits $8.
- CrediBULL Crypto forecasts a move past 3.80 dollars as the start of a larger rally.
The XRP price surged on August 8, outperforming other top cryptocurrencies as the Ripple vs. SEC lawsuit reached its conclusion. According to market data, the token traded at $3.33 after gaining 10.97% in 24 hours. Analysts now project higher targets, with forecasts suggesting a possible rally to $10.
GalaxyBTC Sees Pattern Supporting $10 Target
Market analyst GalaxyBTC stated that the XRP price might hit $10 based on a recurring long-term pattern. He noted that between 2014 and 2017, XRP formed higher lows before breaking resistance, which later turned into strong support. “Between 2020 and 2025, we are seeing the same pattern, and history often repeats in markets,” GalaxyBTC explained.
The analyst highlighted that the current rising support trend has lasted the same number of years as the XRP lawsuit. With the legal battle now over, he believes institutional participation could accelerate gains beyond previous highs. GalaxyBTC added that a confirmed break above $3.35 could be the trigger for another major rally.
At a $10 price, XRP would command a market capitalization exceeding $580 billion, assuming the circulating supply stays around 58 million coins. He stressed that market structure and sentiment now align for such a move. This projection has increased market attention, especially among long-term holders tracking technical signals.
Lawsuit Win Fuels Strong XRP Price Outlook
Analyst ChartingGuy observed that the current XRP price action resembles a 2017 market fractal. He expects the uptrend, which started late last year, to continue until the token reaches $8. While his projection is below GalaxyBTC’s, he emphasized that the bullish cycle remains intact.
Similarly, CrediBULL Crypto predicted a near-term rise past $3.80 as the first stage of a broader rally. “Breaking $3.80 soon could lead to higher targets of $8 and $10 in the coming months,” he posted on X. His outlook focuses on short-term momentum feeding into a longer-term breakout.
Structurally $XRP looks pretty solid here. I think any dips into the green zone are a good opp to swing for the range highs. https://t.co/pNkxss4VGY pic.twitter.com/feXbk2mYt7
— CrediBULL Crypto (@CredibleCrypto) August 7, 2025
Both analysts agreed that the XRP lawsuit’s resolution has significantly improved sentiment. The end of the case removes regulatory uncertainty, allowing both retail and institutional participants to enter the market with greater confidence. This development has added strength to the ongoing bullish sentiment.
Institutional Interest Rises After XRP Lawsuit Ends
The conclusion of the XRP lawsuit is attracting strong institutional interest in XRP treasuries. Market participants see the token as more legally secure, and some companies are preparing to add it to their balance sheets. This shift is expected to boost liquidity and stability in the market.
Data from Coinglass shows a sharp rise in XRP derivatives activity following the ruling. Derivative volumes jumped 197% in 24 hours to $18.26 billion, while options volumes surged over 1,300%. Open interest also increased 20% to $8.82 billion, reflecting higher participation.
Although BlackRock denied plans for an XRP ETF, analysts believe corporate adoption is imminent. With retail and institutional demand growing simultaneously, the XRP price has stronger foundations for potential rallies. Market observers now wait for a decisive breakout that could confirm the path toward the projected $10 target.
