XRP Rallies to $3.33 After Ripple-SEC Appeal Withdrawal
XRP rallied over 3% to $3.33 after Ripple and the U.S. Securities and Exchange Commission jointly withdrew all legal appeals, ending a multi-year lawsuit and removing a key regulatory overhang. Trading volume spiked above 217 million, driven by heavy institutional buying that built momentum above the critical $3.27 resistance level.
Technical indicators show firm support at $3.20–$3.22 and new resistance near $3.33–$3.34, with chart patterns forming a bull flag suggesting potential short-term breakouts toward $3.65. Analysts compare this breakout to XRP’s 2017 rally and forecast targets between $6 and $8 if buying pressure continues.
Further upside may come from SBI Holdings’ proposed Bitcoin–XRP ETF and pending ETF approval timelines in Japan, alongside possible U.S. filings. Traders should monitor institutional flows and watch whether the $3.33 support holds to confirm a sustained bullish trend. The legal resolution also paves the way for greater institutional participation in U.S. crypto markets, potentially boosting XRP demand and price momentum.
Bullish
The joint withdrawal of all legal appeals between Ripple and the SEC removes a major regulatory overhang, immediately unlocking institutional capital and driving a volume-backed price surge above critical resistance. Technical patterns such as the bull flag and firm support at $3.20–$3.22 point to further short-term breakouts toward $3.65, while analysts’ comparisons to the 2017 rally underpin medium-term targets of $6–$8. Additional catalysts include SBI Holdings’ Bitcoin–XRP ETF filing and forthcoming ETF approvals in Japan and potentially the U.S. Together, these fundamental and technical factors create a bullish outlook for XRP in both the immediate and medium term.