XRP Price Peaks at $3.33 on Double Volume, Then Retraces
XRP price rose 2.81% to close at $3.29, spiking to a session high of $3.33 on institutional trading volume more than double its daily average. The XRP price surge followed Ripple’s settlement with the SEC, which removed a multi-year overhang on corporate treasury flows. However, resistance at $3.33 triggered profit-taking, bringing the price back below $3.30 before the $3.20 support held firm. Volume peaked at 193.9 million, compared with a 24-hour average of 81.5 million. Traders are now monitoring breakout attempts above $3.33 and the sustainability of support at $3.20. On-chain data shows limited new wallet growth despite strong price action, suggesting large-holder rebalancing rather than fresh inflows.
Bullish
The news is bullish because XRP price held above key support at $3.20 after spiking on institutional volume, indicating strong demand. Ripple’s settlement with the SEC removes regulatory uncertainty and unlocks corporate treasury flexibility, similar to past rallies following regulatory clarity in other tokens. Although profit-taking near $3.33 prompted a pullback, the quick recovery above $3.20 suggests continued accumulation by large holders. In the short term, traders may test breakouts above $3.33 toward $3.40. Over the long term, sustained institutional flows and regulatory certainty could drive further upside.