The XRP slides through the major levels in a high-volume celloff, which, before stabilizing the major support, with regulator clarity after the ripple-sector settlement.
Technical analysis observation
The XRP falls 5% in a 24-hour period ending on 9 August, falling from $ 3.34 to $ 3.30 to $ 3.30. This step extends to the range of $ 0.17, which marks 5.24% volatility.
Selling pressure peaks between 14: 00–15: 00, when the price falls from $ 3.36 to $ 3.20 to 209.67 million collapses-the largest single-hour print of the session.
Buyers protect the $ 3.20 area, triggering a rebound by $ 3.33 by 19:00. Resistance form at $ 3.31- $ 3.33, with closed support at $ 3.20.
News background
Securities and Exchange Commission and Ripple Labs have officially terminated their five -year legal battle, jointly rejected their appeal in the XRP case. The second circuit appeal court recognized the filing of filing, both sides tolerated their costs.
Ripple’s Chief Legal Officer Stuart Aldrotti said on X, “After the commission’s vote today, SEC and Ripple formally filed directly with another circuit to dismiss their appeal.”
Price action summary
• XRP falls from $ 3.34 to $ 3.20 between 8 August 14: 00-15: 00.
• Buyers protect $ 3.20 support, the spring of recovery by $ 3.33 by 19:00
• Resistance increases as a cap reaping at $ 3.31- $ 3.33
Technical indicator analysis
• $ 3.20 confirmed as a major support with volume verification at 209.67 million
• Resistance at $ 3.31- $ 3.33 was established during the recovery phase
• Bull flag structure is being built above $ 3.28, if $ 3.33 breaks down then suggested possible reverse continuity
• Volume spike indicates targeted accumulation efforts from 1.86 million to 01:52
• 5.24% intraday instability highlights defined range-bound trade between $ 3.20 and $ 3.33
What are the traders watching
• Whether $ 3.20 is between the next Retests amidst continuing institutional status
• Breakout confirmation above $ 3.33 for the end of the hint of the step of taking advantage
• Post-settlement regulatory clarity related to purchases
• Japan’s SBI filing and ETF-related flow from potential spillover in US markets
