XRP Jumps 11% to $3.22 Following Ripple-SEC Settlement
Technical Analysis Overview
XRP increased by 11% from $2.90 to a high of $3.27, closing at $3.22. This surge followed a 208% rise in institutional trading volumes to $12.40 billion after the SEC dismissed its case against Ripple Labs. Open interest in derivatives rose 15% to $5.90 billion, indicating significant positioning by large players.
Price action showed volatility with a drop from $3.24 to $3.16 during the 07:00 hour on a volume of 144.54 million. Buyers defended the $3.15-$3.16 zone, leading to a late-session push that broke the $3.22 resistance and held above $3.24.
News Background
The SEC and Ripple Labs ended their multi-year legal battle, dismissing appeals in the XRP case. This resolution removes regulatory uncertainty and facilitates broader corporate and institutional adoption.
The rally coincides with increased derivatives activity and bullish technical setups, with some targeting $4.50-$5.00 as potential medium-term price levels.
Price Action Summary
- XRP gained 11%, breaking above the $3.00 psychological barrier on rising institutional volumes
- $3.15-$3.16 is a strong accumulation zone following a selloff from $3.24
- Late-session breakout cleared $3.22 resistance on sustained large-order flow
- Session range displayed $0.11 (3% volatility) between $3.27 high and $3.15 low
Market Analysis and Economic Factors
Regulatory clarity led to aggressive corporate treasury rebalancing and new speculative inflows. The $3.15 support zone serves as a key reference for short-term risk management, while $3.24-$3.27 acts as near-term resistance. A breakout above this range could accelerate momentum toward higher targets, especially if ETF-related flows from Japan impact U.S. markets.
Technical Indicators Analysis
- Volume surged to $12.40B, up 208% from the prior day
- Open interest climbed 15% to $5.90B, signaling leveraged positioning
- Resistance levels: $3.24-$3.27; Support levels: $3.15-$3.16
- Breakout above $3.22 confirmed by late-session institutional flows
- Technical setup aligns with breakout from multi-month consolidation
What Traders Are Watching
- Follow-through above $3.27 to validate breakout toward $3.50+
- Sustainability of large-holder accumulation post-regulatory resolution
- Impact of derivatives positioning on spot market volatility
- Potential spillover from Japan’s SBI Bitcoin-XRP ETF filing