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TL;DR<\/b><\/p>\n XRP was trading at $3.3 at press time, up 4% in the last 24 hours and 12% over the past week. Trading volume is about $8.2 billion. The rally follows the conclusion of the long-running case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), with both sides formally dropping appeals.<\/span><\/p>\n Meanwhile, the <\/span>end<\/span><\/a> of the legal dispute has brought renewed institutional interest. Additional developments have supported sentiment, including Blue Origin adding XRP as a payment option and SEC approval for Ripple\u2019s updated Regulation D exemption, easing certain fundraising restrictions.<\/span><\/p>\n MikybullCrypto said, <\/span>\u201c$XRP about to fly to $6\u2013$8 and then cycle top.\u201d<\/span><\/i> The monthly chart shows a breakout from a prolonged consolidation phase, similar to the pattern before the late-2017 rally. The asset has cleared the $2.60\u2013$2.80 zone, while a long-term moving average is trending upward toward the projected target range.<\/span><\/p>\n Momentum readings are close to historical highs seen before prior market peaks. In 2017, similar conditions preceded XRP\u2019s cycle high.<\/span><\/p>\n $XRP<\/a> about to fly to $6-$8 and then cycle top<\/p>\n Thanks for playing the 2017 playbook folks pic.twitter.com\/kDE8wN26C1<\/a><\/p>\n \u2014 Mikybull Crypto (@MikybullCrypto) August 13, 2025<\/a><\/p>\n<\/blockquote>\n Additionally, Crypto Eagles <\/span>noted<\/span><\/a> XRP has regained the $3.15 support zone after filling a Fair Value Gap (FVG). The asset is now pressing against a descending trend line. A confirmed move above $3.32 could open the way toward $3.40, with $3.40\u2013$3.41 marked as near-term targets.<\/span><\/p>\n Maintaining $3.15 as support is viewed as important for sustaining the bullish structure. A drop below it could see the price revisit $3.10 or $3.00.<\/span><\/p>\n Data from Glassnode shows XRP processed 1.44 million transactions on August 12. This is well below the early July high of more than 2.2 million. Transaction counts have generally declined since mid-July, even as prices have recovered from early August lows.<\/span><\/p>\n This trend suggests that recent gains may be driven more by larger trades and positioning than by an increase in network-wide activity.<\/span><\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Price Extends Gains After Legal Settlement<\/b><\/h2>\n
Analysts See Path to $6\u2013$8<\/b><\/h2>\n
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On-Chain Activity Trends Lower<\/b><\/h2>\n
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![<\/a>Source: Glassnode<\/a><\/figcaption><\/figure>\nThis trend suggests that recent gains may be driven more by larger trades and positioning than by an increase in network-wide activity.<\/span><\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/glassnode-studio_xrp-number-of-transactions.png\"){kind=link}