With the conclusion of the nearly five-year Ripple (XRP) lawsuit against the SEC, the price of XRP surged on August 8, leading the top ten Crypto Assets with a daily increase of 10.97%, currently reported at $3.33. Market sentiment has significantly improved, and several analysts have raised the mid-term target for XRP to the $8-$10 range based on technical pattern replication, movements in the derivation market, and expectations of institutional entry. The reaction in the derivation market has been intense, with the number of unclosed contracts for XRP Options skyrocketing by 67% in a single day, and trading volume surging over 1300%, indicating that institutional funds are making significant investments.