XRP (XRP) Price: 208% Volume Surge to $12.4 Billion as Token Settles at $3.14 Post-SEC Agreement

TLDR

• XRP dropped 2% to $3.14 after briefly hitting $3.32, despite Ripple’s SEC settlement
• Trading volumes skyrocketed 208% to $12.4 billion following the legal resolution
• Strong support holds at $3.13 with resistance at $3.27, forming a defined trading range
• Heavy institutional profit-taking occurred at 7 PM with 73.87 million tokens changing hands
• The regulatory clarity removes compliance concerns but macro factors still impact XRP price

XRP (XRP) has experienced a turbulent price journey following its landmark settlement with the Securities and Exchange Commission (SEC). The cryptocurrency dropped 2% to $3.14 after briefly touching $3.32, illustrating the market’s reaction to the end of a five-year legal battle between Ripple and the SEC.

The cryptocurrency initially surged on the announcement of the settlement but quickly retreated in what analysts describe as a classic “buy the rumor, sell the news” scenario. XRP spiked to $3.32 early in the day at 8 AM but then steadily declined, sliding from $3.19 to $3.14 over a 24-hour period.

The most intense selling pressure came at 7 PM when 73.87 million tokens changed hands, driving the price down from $3.20 to $3.15. This concentrated selling suggests coordinated institutional profit-taking rather than retail panic.

Despite the pullback, XRP has found reliable support at the $3.13 level. Each time the price has dipped to this threshold, buyers have stepped in, preventing further declines. Late-session volume spikes of 3.21 million and 4.45 million tokens indicate smart money may be accumulating at these levels.

The cryptocurrency now trades in a defined range between support at $3.13 and resistance at $3.27, showing relatively stable price action following such market-moving news.

XRP Price on CoinGecko

Regulatory Clarity Brings Volume Surge

The settlement between Ripple and the SEC marks the end of a lengthy legal dispute that began in 2020. Both parties have jointly dismissed all appeals in the case, removing the regulatory uncertainty that has hung over XRP for years.

This newfound regulatory clarity has triggered an explosion in trading activity. Daily volumes have surged 208% to $12.4 billion as institutional investors can finally participate without compliance concerns that previously kept them on the sidelines.

The resolution represents a major milestone for Ripple and the broader cryptocurrency industry, potentially setting precedents for how digital assets might be regulated going forward.

Market Forces Beyond Regulation

While the SEC settlement removes a major overhang for XRP, the cryptocurrency remains subject to broader market forces. Trade disputes, central bank policies, and global risk sentiment continue to influence crypto prices, including XRP.

The current price action follows a pattern common in cryptocurrency markets – an initial spike followed by profit-taking as early investors cash out. The coordinated selling observed at 7 PM indicates large players taking profits after the news rather than any fundamental change in outlook.

For traders and investors watching XRP, key technical levels have emerged. A break above $3.27 could signal the next leg up in price, while the $3.13 support level needs to hold against fresh selling pressure. With institutional interest clearly increasing following the settlement, any sustained weakness might present buying opportunities.

The pullback reflects natural profit-taking after XRP’s post-settlement rally. Large holders appear to be rebalancing positions while maintaining bids at the $3.13-$3.15 level, suggesting no deterioration in longer-term sentiment.

XRP’s trading range of $0.19 represents about 6% volatility, which is relatively modest by cryptocurrency standards, especially following such significant news. The late-session accumulation has helped keep the price above the critical $3.13 support level.

As the market digests the implications of the Ripple-SEC settlement, XRP’s price action will likely continue to be influenced by both the improved regulatory environment and the broader macroeconomic landscape.