The discharge of untreated textile wastewater poses a significant threat to the environment due to its high color intensity and organic load. Developing cost-effective and efficient treatment strategies is therefore essential to support water reuse and reduce environmental impact. This study investigated the potential of two electrochemical-based processes: electrocoagulation and electrochemical peroxidation (ECP), as well as a hybrid process combining ECP with nanofiltration for the treatment and reuse of textile effluents. Experiments were carried out over 90 min using iron electrodes as anode and cathode, while the influence of operating parameters such as current density (100–400 A/m2), pH (2–11), and hydrogen peroxide dosage (0.1–0.4 mmol/L) was systematically examined. Treatment performance was assessed through color and chemical oxygen demand (COD) removal, alongside permeate flux for nanofiltration. The results demonstrated that ECP achieved the highest removal efficiencies, with 97.67% color removal and 70.33% COD reduction. When coupled with nanofiltration, the hybrid process further improved treatment efficiency under transmembrane pressures of 5 and 10 bar. Surface analyses of the anode using SEM and EDX showed minor deterioration after treatment, while the operational cost of the electrochemical processes was also calculated to assess their economic feasibility. Overall, the findings highlight the promise of electrochemical processes particularly the hybrid as effective and sustainable options for textile wastewater treatment.