XRP Breaks Key Resistance After Ripple-SEC Win — Is $8 Next?

XRP extended its bullish tally successful the 24-hour league from August 13 astatine 04:00 to August 14 astatine 03:00, climbing from $3.24 to $3.33 for a 3.10% gain.

Price enactment carved retired a $0.14 corridor betwixt $3.20 and $3.34, reflecting 4.20% volatility amid pronounced organization buying.

The astir assertive determination came astatine 13:00 erstwhile XRP pierced absorption astatine $3.27 connected 217.4 cardinal volume—nearly triple the 24-hour average—followed by sustained overnight accumulation with volumes supra 117 cardinal successful consecutive hours.

Support solidified successful the $3.20-$3.22 zone, portion profit-taking emerged astatine $3.34 into the league close.

Price Action Summary

• XRP gained 3.10% implicit the period, moving from $3.24 to $3.33, with a precocious of $3.34 and a debased of $3.20.
• Breakout done $3.27 absorption connected 217.4 cardinal measurement astatine 13:00 signaled large-scale accumulation.
• Multiple overnight sessions posted volumes good supra the baseline 81.7 million, reinforcing upward momentum.
• Fresh enactment established astatine $3.33 pursuing intraday highs of $3.34; contiguous upside targets seen astatine $3.35-$3.36.

News Background

• Ripple and the SEC formally withdrew each appeals, concluding years of litigation and removing regulatory uncertainty.
• Analysts are drafting parallels to XRP’s 2017 breakout phase, with immoderate projecting imaginable targets successful the $6-$8 scope connected sustained momentum.
• Institutional flows are driving marketplace operation shifts, with disposable liquidity absorption astatine cardinal absorption levels.

Technical Analysis

• Price band: $3.20-$3.34, volatility: 4.20%.
• Key breakout level: $3.27 absorption cleared connected utmost volume.
• Primary support: $3.20-$3.22 portion with beardown measurement validation.
• Overhead resistance: $3.34 with profit-taking unit into close.
• Intraday micro-structure supports continuation toward $3.35-$3.36.

What Traders Are Watching

• Whether $3.33 enactment holds to alteration a propulsion toward $3.40 successful the abbreviated term.
• Sustained organization measurement supra baseline levels arsenic a motion of deeper accumulation.
• Broader marketplace absorption to Ripple’s ineligible clarity, including imaginable spillover into altcoins with regulatory overhangs.