📌 XRP (Ripple) – Lawsuit Ends, Is the Rally Just Starting? Detailed Analysis

Friends, today we’ve received two major pieces of news from the Ripple front.

First, Ripple announced the acquisition of the sports-based stablecoin platform Rayne for a staggering $200 billion. This not only brings fresh excitement to the market but also shows Ripple’s growth ambitions go far beyond just the financial sector.

The second—and perhaps the most impactful—development is the official end of the nearly 5-year legal battle between the SEC and Ripple. Both parties have mutually withdrawn their appeals, effectively closing the case. This removes the long-standing cloud of uncertainty hanging over XRP, and the market reacted swiftly with a strong upward move in the short term.

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1-Hour Chart Analysis

Since July 18, XRP has been trading in a descending channel, which was finally broken to the upside on August 4. After the breakout, price retested the channel from above but held strong above the $2.93 level.

Maintaining this level allowed us to break the $3.17 resistance and test the $3.40 zone. The lawsuit news further fueled momentum, triggering sharp buying and significantly increasing trading volume.

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4-Hour Chart Analysis

From July 18 onwards, a cup formation has been in the making. If we revisit the $3.65 level, this pattern will be complete.

The technical target for this formation is $4.59, which represents about a 38% upside from current prices.
Key breakout levels to watch:

$3.17 (already broken)

$3.41

$3.65

$4.00

$4.59 (target)

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Daily Chart Analysis

Since January, XRP had been moving inside a downtrend channel—a challenging period for most coins. However, Ripple weathered the storm relatively well, without major crashes. The lowest point was around $1.61, offering solid buying opportunities.

When I suggested entries around the $2.00 range, we’ve since seen all target levels tested and broken step by step. Currently, our short-term focus is on breaking $3.41. A pullback toward $3.17 could happen, but it shouldn’t cause panic—it would be a healthy correction.

Mid-term targets remain at $4.59 (cup formation target) and $5.12 as the next major resistance. For those holding from the $2.00 range, this means around a 1.5x gain.

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Conclusion:
Both the news flow and technical setup currently favor XRP. The removal of legal risks and the massive acquisition announcement have boosted investor confidence and market sentiment. Technically, our roadmap is clear: $3.41 → $3.65 → $4.00 → $4.59 → $5.12.
The trend is up, and we’ll see together how the market capitalizes on this momentum.

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