Ripple (XRP) Price Explosion, Next Targets for Cardano (ADA), and More: Bits Recap August 8th

TL;DR

• XRP jumped by double digits after Ripple’s authorized battle with the SEC formally ended.

• ADA climbed $0.80, with analysts eyeing breakouts towards $1.30, $1.60, and even $2.90 if bullish momentum continues.

• BTC briefly topped $117,500 earlier than easing to $116,500, with historic traits suggesting additional beneficial properties could be incoming.

XRP Takes Heart Stage Once more

Ripple’s cross-border token as soon as once more made the headlines due to its important worth enhance. It pumped by 12% on a 24-hour scale, hitting virtually $3.40 (its highest level for the reason that finish of July).

The principle motive behind the resurgence is the official conclusion of the authorized tussle between Ripple and the US Securities and Alternate Fee (SEC), which started in December 2020. 

With that chapter now closed, many analysts imagine XRP faces fewer obstacles on its path to reaching new peaks within the close to future. X consumer Bark said “the manipulation is over” and envisioned a worth explosion to as excessive as $10. In addition they predicted that “this weekend shall be historic.” JAVON MARKS was additionally bullish, albeit setting a extra modest goal.

Subsequent wave up into ~$4.80 may already be in-effect for $XRP! https://t.co/noxq64p64U pic.twitter.com/krICGo7AH9

— JAVON⚡️MARKS (@JavonTM1) August 7, 2025

What’s Subsequent for ADA?

Cardano’s native cryptocurrency can also be effectively within the inexperienced at the moment (August 8), leaping by 8% to $0.80 (per CoinGecko’s knowledge).

Earlier this week, the favored analyst Ali Martinez forecasted a possible worth enhance to an eight-month peak of $1.30. Nevertheless, he believes ADA should first verify a breakout above $0.84. 

CryptoBullet and JAVON MARKS had been much more optimistic. The previous expects ADA to rise to $1.60, whereas the latter predicts a attainable surge to $2.90.

What to Anticipate From BTC?

The first cryptocurrency additionally headed north, briefly surpassing $117,500 and later retracing to its present stage of $116,500. Some key elements suggest BTC has but to rally laborious this month.

For instance, August has traditionally introduced beneficial properties when it follows a halving yr. Recall that the most recent halving occurred within the spring of 2024 and slashed the miners’ rewards for including new blocks in half.

The analyst, utilizing the X moniker CRYPTOWZRD, set $120,000 as the following key resistance goal, following which “we must always see a fast rally” to $131,000.