XRP Pulls Back 5% After Post-Settlement Surge, Stabilizes at Key Support

XRP’s rally lost momentum on Friday, falling 5% in the past 24 hours as traders booked profits following a sharp post-settlement surge tied to the resolution of the long-running Ripple-SEC lawsuit.

Technical Overview

After reaching a high of $3.34, XRP dropped to $3.20 during a high-volume selloff before recovering to $3.30 by the close of August 9. The move spanned a $0.17 range and reflected 5.24% intraday volatility.

The most intense selling occurred between 14:00 and 15:00 UTC, when XRP plunged from $3.36 to $3.20 on 209.67 million tokens traded — the session’s largest hourly volume. Strong buying support emerged at $3.20, sparking a rebound to $3.33 by 19:00. Resistance has now formed between $3.31 and $3.33, while $3.20 is acting as firm support.

Regulatory Context

The decline followed a 13% rally earlier in the week after Ripple Labs and the U.S. Securities and Exchange Commission officially ended their five-year legal battle. Both parties jointly dismissed their appeals with the Second Circuit Court of Appeals, marking the conclusion of one of crypto’s most significant legal disputes.

“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,” said Stuart Alderoty, Ripple’s Chief Legal Officer, on X.

Price Action Highlights

• 14:00–15:00 UTC: XRP slides from $3.34 to $3.20 in a high-volume flush (209.67M traded).
• 19:00 UTC: Price rebounds to $3.33 as buyers defend the $3.20 level.
• Range: Defined between $3.20 support and $3.31–$3.33 resistance.

Technical Indicators

• Support: $3.20 confirmed as key level, reinforced by heavy volume.
• Resistance: Sellers active between $3.31 and $3.33.
• Structure: Bull flag pattern developing above $3.28 — a breakout above $3.33 could trigger a continuation higher.
• Accumulation: Volume spike to 1.86M at 01:52 suggests targeted buying interest.
• Volatility: 5.24% intraday range indicates a consolidating but reactive market.

Outlook

With regulatory uncertainty now cleared, the focus shifts to technical structure and market flows. If buyers can push XRP decisively above $3.33, continuation toward the $3.40–$3.50 zone becomes more likely. However, failure to hold above $3.28 could see price retesting $3.20 in the near term.