XRP Eyes $3.40 Amid Institutional Surge and Technical Breakout

XRP has demonstrated significant bullish momentum, rallying 8% to $2.93 after breaking through the critical $2.84 resistance level. Institutional demand spiked notably at 03:00 UTC, with hourly trading volume reaching 176 million—double the average—signaling strong confidence in the asset's upward trajectory. Despite some profit-taking, XRP maintained stability above $2.91, with late-session consolidation indicating healthy market digestion. Over the past week, XRP's market capitalization surged by $30 billion to $163.98 billion, solidifying its position as the third-largest cryptocurrency. Analysts now eye a near-term target of $3.40, driven by sustained institutional interest and favorable technical indicators. As of August 2025, XRP continues to attract attention as a high-potential asset in the evolving digital finance landscape.

XRP Rallies 8% on Institutional Demand, Eyes $3.40 After Technical Breakout

XRP surged 6.04% to $2.93, breaking through the $2.84 resistance level with a $0.171 trading range. Institutional activity spiked at 03:00 UTC with 176M in hourly volume—double the average—confirming bullish momentum. The token held above $2.91 despite profit-taking, while late-session consolidation signaled healthy market digestion.

Market capitalization jumped $30B weekly to $163.98B, propelling XRP to third among cryptocurrencies. Analysts attribute the rally to a descending triangle breakout, improved regulatory clarity, and Ripple's enterprise adoption. With macro conditions favoring risk assets, traders now target $3.40 as the next resistance zone.

XRP Market Heats Up as Key ETF Deadlines Approach

XRP's price surged past $2.90 amid growing Optimism around upcoming ETF launches and regulatory milestones. Three critical dates in July could redefine its role in U.S. financial markets.

ProShares prepares to debut the first U.S. XRP futures ETFs on July 14, including Leveraged and inverse products. SEC approval would mark a watershed moment for institutional access.

The Volatility Shares 2X Leveraged ETF follows on July 21, while a pivotal spot ETF decision looms on July 25. Market participants anticipate these events could trigger significant liquidity inflows and price volatility.

SAVVY MINING Launches XRP-Based Cloud Mining Contracts to Expand Asset Utility

SAVVY MINING, a UK-based cryptocurrency cloud mining platform, has introduced cloud mining contracts that support XRP, enabling holders to participate directly in mining without asset conversion. This initiative broadens XRP's utility beyond cross-border payments, offering users new avenues for value growth.

"We are seeing more and more XRP holders interested in diversifying their digital assets," said a company spokesperson. The MOVE aligns with growing institutional interest in alternative mining strategies and blockchain infrastructure diversification. Contracts are now available globally on savvymining.com.

XRP, originally developed by Ripple, is no longer confined to transactional use. Savvy Mining's innovation unlocks passive income opportunities for holders, eliminating the need for physical hardware or technical complexity.

XRP News Today: Mid-August Could Mark the End of Ripple vs SEC Lawsuit

Former SEC lawyer Marc Fagel has dismissed rumors of judicial delays in the Ripple vs SEC case, clarifying that the proceedings are advancing as part of standard legal protocol. Fagel emphasized that neither Judge Analisa Torres nor the SEC is holding up the process, countering speculation among XRP holders.

The timeline for resolution hinges on internal SEC procedures, with a dismissal vote typically followed by a one-to-two-month period before formal filing. Judge Torres has no pending decisions, leaving the matter to the parties involved to finalize their appeals. The absence of an official dismissal filing reflects procedural norms rather than stagnation.

XRP Breaks Barriers: Could $35 Be the Next Explosive Move?

XRP has surged to $2.93, marking a 29.55% weekly gain, with daily trading volume jumping 26.6% to $9.53 billion. The breakout above the 1.414 Fibonacci level signals a potential structural shift, with analysts eyeing ambitious targets at $6.50, $20, and even $35.

Crypto analyst Egrag crypto notes the significance of this technical breach, which had held firm since December 2024. The measured move suggests a nearer-term target of $17, prompting recommendations for a Dollar Sell Averaging strategy to lock in profits during the rally.

Market participants are closely watching XRP's momentum, as the coin demonstrates renewed strength amid broader crypto market optimism. The $9.5 billion daily volume underscores growing institutional interest and liquidity.

Fact Check: Will the SEC Drop the XRP Lawsuit During 'Crypto Week'?

Rumors are swirling that the U.S. Securities and Exchange Commission (SEC) may soon drop its lawsuit against Ripple Labs, with speculation intensifying as July's 'Crypto Week' begins. XRP prices have surged on the back of these claims, but former SEC lawyer Marc Fagel has poured cold water on the idea, calling a sudden announcement unrealistic.

Fagel notes that settlements or rulings typically take months, not days, to finalize. Judge Analisa Torres currently lacks jurisdiction over the case, further diminishing the likelihood of an imminent resolution. Despite the optimism among XRP enthusiasts, the legal process remains slow-moving and procedural.