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XRP Gains 4% as Ripple-SEC Settlement Spurs Institutional Buying
Token extends post-settlement rally on strong mid-session momentum, with volumes topping 140 million tokens as buyers test $3.30 resistance.
Technical Analysis Overview
XRP rises 4% in the 24-hour period ending August 13, climbing from $3.15 to $3.25 within a $0.20 range (6% volatility).
The bulk of gains occur between 12:00 and 20:00, when price moves from $3.15 to $3.30 on volume exceeding 140M units. Resistance forms at $3.30 as buying momentum slows, while support consolidates at $3.25-$3.26, showing orderly profit-taking without breaking bullish structure.
The final trading hour sees a 1% retreat from $3.27 to $3.25 as late-session profit-taking emerges.
Volume spikes above 5.9M during 00:32-00:33 point to controlled distribution by institutional desks while keeping price above key support.
News Background
Ripple Labs and the Securities and Exchange Commission have formally dismissed their appeals, concluding years of litigation over XRP. The legal clarity has triggered fresh institutional inflows, with daily volumes up 208% to $12.4B since the announcement.
Enterprise adoption headlines added to sentiment, including Blue Origin’s integration of XRP payments and SEC approval of Ripple’s enhanced Regulation D exemption — removing capital-raising constraints for certain investor classes.
Price Action Summary
• XRP gains 4% from $3.15 to $3.25 during August 12 01:00–August 13 00:00
• Mid-session rally from $3.15 to $3.30 sees volume surpass 140M units
• Resistance confirmed at $3.30; support holds at $3.25-$3.26
• Final-hour profit-taking trims price to $3.25 without breaking structure
Technical Indicators Analysis
• Support: $3.25-$3.26 (volume-backed consolidation)
• Resistance: $3.30 (multiple rejections)
• Intraday range: $0.20 (6% volatility)
• Largest volume concentration: 12:00-20:00 rally window
• Late-session volume spikes >5.9M linked to profit-taking
What Traders Are Watching
• Breakout attempts above $3.30 toward $3.35-$3.50
• Sustained large-holder inflows post-settlement
• Impact of enterprise adoption news flow on spot demand
• Macro spillover effects from trade and rate policy shifts
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