Saad Ullah
XRP (Ripple) dropped 2% to $3.14 after briefly hitting $3.32, even as Ripple's SEC settlement sent trading volumes skyrocketing 208% to $12.4 billion. The pullback reveals heavy institutional profit-taking despite the legal breakthrough many thought would fuel further gains.
XRP Price Faces Reality Check After Settlement Euphoria
Tuesday told a familiar crypto story — buy the rumor, sell the news. XRP spiked to $3.32 at 8 AM but quickly fizzled, sliding from $3.19 to $3.14 over 24 hours. The heaviest selling hit at 7 PM when 73.87 million tokens changed hands in a sharp drop from $3.20 to $3.15.
Despite the selloff, XRP found solid support at $3.13. Every dip to that level brought buyers, and late-session volume spikes of 3.21 million and 4.45 million suggested smart money was accumulating. The token now trades between $3.13 support and $3.27 resistance — pretty healthy after such massive news.
XRP (Ripple) Gets Regulatory Clarity, But Macro Headwinds Persist
After five years of legal drama, Ripple and the SEC finally settled, dismissing all appeals. This removes the regulatory cloud that's hung over XRP since 2020, sending volumes exploding 208% to $12.4 billion as institutions can finally jump in without compliance worries.
But even this massive win can't shield XRP from broader market forces. Trade disputes, central bank policies, and global risk sentiment continue pushing crypto around, reminding us that regulatory wins don't guarantee smooth sailing.
What Traders Are Watching as XRP Price Consolidates
The current action looks normal for crypto — initial spike followed by profit-taking as early buyers cash out. The 7 PM selloff showed coordinated institutional selling, not retail panic, suggesting big players took profits after the news.
Key levels to watch: a break above $3.27 could signal the next leg up, while $3.13 support needs to hold against any fresh selling waves. With institutional interest clearly picking up post-settlement, sustained weakness could bring fresh buying opportunities.
Saad Ullah
