Ripple’s Legal Drama Ends: XRP Soars 4% and Institutional Buyers Go Wild! 🚀

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What to know:

  • XRP has decided to don its party hat, rising a delightful 4% from $3.15 to $3.25, thanks to a mid-session rally that had volumes soaring over 140 million tokens. Talk about a token with a social life! 🎉
  • In a plot twist worthy of a Shakespearean comedy, Ripple Labs and the SEC have tossed their appeals into the nearest bin, ending their litigation saga and inviting institutional buyers to the dance floor, with daily volumes jumping a staggering 208%. 💃
  • Resistance was confirmed at $3.30, while support held firm at $3.25-$3.26, despite some late-session profit-taking that could only be described as a classic case of “I’ll take my chips and go home.”

Our dear token continues its post-settlement jig on the dance floor of the market, with volumes topping 140 million tokens as buyers test the waters at the $3.30 resistance. Who knew finance could be so thrilling? 🕺

Technical Analysis Overview

XRP has risen a sprightly 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 the gains occurred between 12:00 and 20:00, when the price waltzed from $3.15 to $3.30 on a volume that could make a whale blush-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 the bullish structure. Bravo! 👏

The final trading hour sees a 1% retreat from $3.27 to $3.25 as late-session profit-taking emerges, proving that even tokens need a breather.
Volume spikes above 5.9M during the 00:32-00:33 mark, pointing to controlled distribution by institutional desks while keeping the price above key support. A well-executed ballet, if I may say so!

News Background

In a dramatic conclusion to their years-long legal soap opera, Ripple Labs and the Securities and Exchange Commission have formally dismissed their appeals. The legal clarity has triggered fresh institutional inflows, with daily volumes up 208% to a staggering $12.4B since the announcement. Who knew legal clarity could be so lucrative? 💰

Enterprise adoption headlines have added to the excitement, including Blue Origin’s integration of XRP payments and the SEC’s approval of Ripple’s enhanced Regulation D exemption-removing capital-raising constraints for certain investor classes. It’s a veritable buffet of good news!

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. A classic case of “just when you thought it was safe to go back in the water.”

Technical Indicators Analysis

• Support: $3.25-$3.26 (volume-backed consolidation)
• Resistance: $3.30 (multiple rejections, like a bad date)
• Intraday range: $0.20 (6% volatility, just enough to keep things spicy)
• Largest volume concentration: 12:00-20:00 rally window
• Late-session volume spikes >5.9M linked to profit-taking. A well-timed exit, if I do say so!

What Traders Are Watching

• Breakout attempts above $3.30 toward $3.35-$3.50. Will it or won’t it? The suspense is killing me!
• Sustained large-holder inflows post-settlement. The big fish are circling!
• Impact of enterprise adoption news flow on spot demand. Will it be a feast or famine?
• Macro spillover effects from trade and rate policy shifts. Because who doesn’t love a good economic rollercoaster?

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2025-08-13 06:49