XRP Rallies as Ripple and SEC Close Legal Chapter, Volume Surges 208%
XRP extended its post-settlement rally after Ripple Labs and the U.S. Securities and Exchange Commission officially dismissed their appeals, bringing an end to one of the crypto industry’s longest legal battles.
Price Movement and Volume Dynamics
XRP climbed 4% from $3.15 to $3.25 during the 24-hour period ending August 13, trading within a 6% intraday range. Momentum peaked between 12:00 and 20:00 UTC, with price advancing to $3.30 on more than 140 million tokens in volume. Resistance emerged at $3.30, while support consolidated near $3.25–$3.26 amid orderly profit-taking.
In the final hour of trading, XRP pulled back 1% from $3.27 to $3.25, with volume spikes above 5.9 million indicating controlled distribution activity from institutional desks without a breakdown of technical structure.
Post-Settlement Institutional Demand
Legal resolution has sparked renewed institutional interest, with daily trading volumes jumping 208% to $12.4 billion. The inflows follow not just legal clarity but also new headlines around enterprise adoption, including Blue Origin’s integration of XRP payments and SEC approval of Ripple’s updated Regulation D exemption, allowing more flexibility in capital raising from qualified investors.
Technical Snapshot
- Support Zone: $3.25–$3.26
- Resistance Level: $3.30
- Intraday Range: $0.20 (6% volatility)
- High Activity Window: 12:00–20:00 UTC
- Institutional Activity: Profit-taking visible in late-session volume spikes
Market Watchpoints
Traders are monitoring the $3.30 level for signs of a breakout toward $3.35–$3.50. Sustained institutional inflows and increased utility could reinforce upward pressure, though broader macro factors such as interest rate policy and capital flows remain influential for crypto markets.
XRP’s outlook appears strengthened by regulatory clarity and growing adoption, placing it in a favorable position among large-cap altcoins.
