XRP Court Win Spurs Spot ETF Rush and 75% Bullish Outlook
Ripple secured a major legal victory on August 22 when the Second Circuit dismissed its final SEC appeal, ruling that XRP traded on public exchanges is not a security while maintaining registration requirements for institutional sales. This decision brings clear regulatory guidance for digital assets in the US. In response, leading asset managers—Canary, CoinShares, Franklin Templeton, 21Shares, WisdomTree, Grayscale, and Bitwise—filed for spot XRP ETFs, underscoring strong institutional demand. Bank Negara Malaysia’s “Project Mawar” classified XRP alongside Bitcoin as a potential substitute for cash and deposits, reflecting rising central bank interest. Renewed focus on XRP’s low-cost, high-speed cross-border settlement utility further supports its adoption. On the chart, XRP has formed a bullish pennant with a projected 75% upside to about $5.17 upon breakout. The RSI sits at 46 in neutral territory, while the MACD shows bearish momentum easing, hinting at stabilization. Regulatory clarity and global adoption catalysts combine to underpin a bullish outlook for XRP.
Bullish
The Second Circuit’s dismissal of Ripple’s SEC appeal removes a major regulatory hurdle and sets a favorable precedent for digital assets. Historically, similar legal clarifications—such as approvals for Bitcoin spot ETFs—have triggered strong rallies. The rapid filing of spot XRP ETFs by top asset managers signals significant institutional demand, which is likely to boost liquidity and mainstream acceptance. Malaysia’s central bank classification of XRP alongside Bitcoin indicates sovereign-level interest. Technically, XRP’s bullish pennant with a 75% upside projection, combined with stabilizing RSI and MACD readings, points toward a potential breakout. In the short term, ETF approval progress and a confirmed chart breakout can spark renewed buying momentum. Over the long term, regulatory clarity and growing adoption in cross-border settlements should sustain upward pressure on XRP’s price, making the overall market impact bullish.