XRP Surges Past $3.25 Following Ripple-SEC Settlement, Backed by Institutional Momentum
XRP posted double-digit gains on August 11, breaking above $3.25 as institutional interest soared in the wake of Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC).
The token climbed 11% in 24 hours, reaching an intraday high of $3.27 before settling around $3.22. The move was supported by a 208% spike in institutional trading volume, which jumped to $12.4 billion. Open interest in XRP derivatives rose 15% to $5.9 billion, highlighting growing appetite from leveraged players.
Breakout Driven by Regulatory Clarity
The rally followed the official dismissal of appeals in the years-long SEC case against Ripple, removing a major regulatory overhang that had weighed on XRP’s adoption. The resolution is seen as a green light for broader corporate and institutional participation.
According to analysts, the $3.15–$3.16 range now acts as a strong support zone, with resistance at $3.24–$3.27. Technical indicators confirm the breakout above $3.22 was backed by sustained large-order flows in the final hours of trading.
Technical Snapshot
- Price Range: $3.15 (low) to $3.27 (high)
- Resistance Levels: $3.24–$3.27
- Support Levels: $3.15–$3.16
- Volume: $12.4B (+208%)
- Open Interest: $5.9B (+15%)
Market Context and Outlook
The breakout comes amid broader optimism across crypto and equity markets, with XRP benefitting from a resurgence in risk appetite. Analysts now project medium-term upside targets in the $4.50–$5.00 range, particularly if ETF inflows in Asia continue to expand into U.S. markets.
With regulatory uncertainty now resolved, XRP may see continued institutional accumulation as key technical thresholds are tested and surpassed.
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