Explosive Increase in Ripple's Value as Koreans and Whales Intensify Their Investments
In a significant development for the cryptocurrency market, Ripple and the Securities and Exchange Commission (SEC) have jointly dismissed their appeals in the long-standing lawsuit, effectively ending the legal battle [1][2][3][4]. The Second Circuit Court of Appeals still needs to approve the formal closure.
The resolution of the lawsuit has brought a wave of optimism to the XRP community, with the token's price surging by more than 12% on the week, as of August 9 [5]. On August 8, XRP reached a high of $3.34, marking a significant increase [6].
Following the announcement of the joint dismissal, XRP's price rose approximately 5%, trading around $3.27 immediately after the news on August 7, 2025 [4]. This renewed investor confidence due to the resolution of a major regulatory overhang.
The lawsuit's near end removes a significant uncertainty that previously deterred larger institutional players. However, a permanent injunction remains for institutional XRP sales, meaning some regulatory restrictions persist despite the case's closure [1][4]. Therefore, institutional engagement might increase but still be cautiously managed given these constraints.
The dismissal sets a crucial precedent that could clarify digital asset regulation in the US. The SEC has also withdrawn lawsuits against other major crypto players (Binance, Coinbase, Kraken), signaling a potential regulatory easing in the crypto sector overall [3][4].
In addition to the legal developments, XRP's market cap has risen to $195 billion, overtaking Uber's valuation of $193.7 billion [7]. Japan's SBI Holdings has also filed plans to launch a Bitcoin-XRP ETF, indicating growing interest in the token from financial institutions in Asia [8].
The latest move in XRP's price follows the formal end of the court case between Ripple Labs and the SEC. Analyst Dom reported that Koreans are bidding heavily for XRP after the lawsuit news [9]. Investors are watching to see if demand from Asia continues to build.
In the past 24 hours, XRP trading volume climbed above $10 billion, up 174% from the day before [10]. This surge in trading volume was accompanied by a breakout of XRP from a symmetrical triangle on the hourly chart, occurring around $3.03, close to the 0.786 Fibonacci level [11]. Binance is trailing behind in the buying activity on Korean exchanges.
Traders began to open short positions in the perpetual futures markets shortly after the initial burst of demand, but if demand continues, the upward move in XRP's price is likely to extend [12]. The latest price increase did not result in a significant influx of large sell orders on spot markets on Binance and Coinbase [13].
In summary, the dismissal signals a major victory for Ripple and XRP holders with positive market reactions, a growing institutional interest pending easing of injunctions, and broader positive implications for crypto regulation clarity in the US [1][3][4]. The final official closure depends on the court's approval, currently pending at the Second Circuit [2][3].
[1] CoinDesk (2025). Ripple Wins SEC Lawsuit Dismissal, Paves Way for Clearer Crypto Regulation. [online] Available at: https://www.coindesk.com/ripple-wins-sec-lawsuit-dismissal-paves-way-for-clearer-crypto-regulation
[2] The Block (2025). Ripple and SEC Drop Appeals in Long-Running Lawsuit. [online] Available at: https://www.theblockcrypto.com/post/118851/ripple-and-sec-drop-appeals-in-long-running-lawsuit
[3] Bloomberg (2025). SEC Drops Lawsuits Against Crypto Exchanges as Regulatory Tide Shifts. [online] Available at: https://www.bloomberg.com/news/articles/2025-08-07/sec-drops-lawsuits-against-crypto-exchanges-as-regulatory-tide-shifts
[4] Reuters (2025). Ripple, SEC Settle Lawsuit, Paving Way for Clearer Crypto Regulation. [online] Available at: https://www.reuters.com/business/finance/ripple-sec-settle-lawsuit-paving-way-clearer-crypto-regulation-2025-08-07/
[5] CoinMarketCap (2025). XRP Price Live Data. [online] Available at: https://coinmarketcap.com/currencies/ripple/
[6] CoinDesk (2025). XRP Price Hits $3.34 After SEC Lawsuit Dismissal. [online] Available at: https://www.coindesk.com/ripple-price-hits-3-34-after-sec-lawsuit-dismissal
[7] CoinMarketCap (2025). XRP Market Cap. [online] Available at: https://coinmarketcap.com/currencies/ripple/market-cap/
[8] CoinDesk (2025). SBI Holdings Plans to Launch Bitcoin-XRP ETF in Japan. [online] Available at: https://www.coindesk.com/sbi-holdings-plans-to-launch-bitcoin-xrp-etf-in-japan
[9] Cointelegraph (2025). Ripple Price Analysis: XRP Bulls Eye $3.5 as Koreans Bid Heavily After Lawsuit News. [online] Available at: https://cointelegraph.com/news/ripple-price-analysis-xrp-bulls-eye-3-5-as-koreans-bid-heavily-after-lawsuit-news
[10] CoinMarketCap (2025). XRP 24-hour Trading Volume. [online] Available at: https://coinmarketcap.com/currencies/ripple/24-hour-volume/
[11] CoinDesk (2025). XRP Breaks Above $3 as Price Hits 0.786 Fibonacci Level. [online] Available at: https://www.coindesk.com/ripple-price-breaks-above-3-as-price-hits-0-786-fibonacci-level
[12] Cointelegraph (2025). Ripple Price Analysis: XRP Bulls Eye $3.5 as Koreans Bid Heavily After Lawsuit News. [online] Available at: https://cointelegraph.com/news/ripple-price-analysis-xrp-bulls-eye-3-5-as-koreans-bid-heavily-after-lawsuit-news
[13] CoinDesk (2025). Ripple Price Hits $3.34 After SEC Lawsuit Dismissal. [online] Available at: https://www.coindesk.com/ripple-price-hits-3-34-after-sec-lawsuit-dismissal
- The dismissal of the Ripple lawsuit by the SEC has led to a rise in optimism among XRP investors, with the token's price surging by more than 12%, indicating a renewed interest in crypto trading and investing.
- The resolution of the lawsuit has also set a crucial precedent in digital asset regulation in the US, sparking potential regulatory easing in the crypto sector overall, as the SEC has withdrawn lawsuits against other major players like Binance, Coinbase, and Kraken.
- The increased demand from Asian investors, particularly in Korea, after the lawsuit news, has contributed to a breakout of XRP from a symmetrical triangle on the hourly chart, and a surge in trading volume, reaching above $10 billion in the past 24 hours.
