XRP Rallies on Ripple-SEC Settlement and Defends $3.20 Support

Published: 2025-08-09 10:03:31 |

Ripple Labs and the U.S. SEC dropped all appeals in the Second Circuit, confirming the July 2023 ruling that institutional XRP sales violated securities laws while retail trades remain outside SEC jurisdiction. The legal settlement removed a major overhang for XRP. On August 8–9, XRP fell 5% from $3.34 to $3.20 before buyers defended this key support. Trading volume spiked to 209.7 million XRP in a single hour, highlighting renewed market volatility. Resistance sits between $3.31 and $3.33, capping recent gains. Technical indicators show a bullish pattern above $3.28; a clear break above $3.33 could trigger further upside toward targets at $3.85, $4.20 and $4.50. Short-term traders should monitor volume and profit-taking at resistance. Over the long term, legal clarity may drive XRP adoption among U.S. institutions and retail investors, potentially pushing prices to multi-year highs within 12–18 months.

Bullish

The withdrawal of appeals by Ripple and the SEC clears a major regulatory hurdle for XRP, lifting market sentiment. The defense of $3.20 support and high trading volumes signal strong buyer interest. Technical patterns suggest further upside once $3.33 resistance is breached. Over the long term, improved legal clarity could attract institutional and retail demand, supporting higher price levels. Therefore, the impact is bullish.