Saad Ullah
XRP just delivered the performance every crypto trader dreams of – a spectacular 10% surge after Ripple crushed the SEC in court. What started as a regulatory nightmare has become every holder's vindication moment, with the market responding like it's 2017 all over again.
Ripple's Legal Victory Unleashes XRP Price Surge
August 8th marked the day XRP broke free from its regulatory chains, rocketing over 10% to hit $3.30 before settling around $3.20 over the weekend. The token led the entire top-ten crypto pack while other major assets watched from the sidelines.
Here's the game-changer: XRP is officially no longer classified as a security. This isn't just legal jargon – it's the key that unlocks institutional floodgates sealed shut for nearly four years. Major exchanges, institutional investors, and payment providers can now jump in without regulatory fear, creating pent-up demand that's about to hit the market hard.
XRP Price Eyes Historic $10 Breakout Target
Technical analysts are buzzing about XRP's breakout above the crucial $1.7235 resistance – a pattern mirroring the 2017 setup that led to XRP's all-time high of $3.84. But this time could be different, with the $10.14 target based on historical price action and Fibonacci extensions.
The current pullback from $3.30 to $3.20 is exactly what healthy bull markets do – consolidate before the next leg higher. As long as XRP holds above $3.00, bulls remain in control, with the next major resistance at $3.75 standing between XRP and those double-digit dreams that seemed impossible just a week ago.
Saad Ullah
