“Ripple Labs and the Sec Have Dismissed Their Appeals, ending Litigation and Boosting Institutional Inflows, with Daily Volumes IncreASING by 208%.”, – WRITE: www.coindesk.com
(Coindesk Data)
- XRP Rose 4% AS IT MOVED FROM $ 3.15 TO $ 3.25, with A SIGNFICANT MID-SESSION Rally Pushing Volumes Over 140 Million Tokens.
- Ripple Labs and the Sec Have Dismissed Their Appeals, ending Litigation and Boosting Institutional Inflows, with Daily Volumes IncreASING by 208%.
- Resistance Was ConfirMed AT $ 3.30, While Support Held at $ 3.25- $ 3.26, Despite Late-Session Profit-Taking.
Technical Analysis OverViewXRP Rises 4% in the 24-Hur Period Ending August 13, Climbing from $ 3.15 to $ 3.25 Within A $ 0.20 Range (6% volatility).
The Bulk of Gains Occur Between 12:00 and 20:00, WHEN PRICE MOVES FROM $ 3.15 to $ 3.30 On Volume Exceeding 140M Units. Resistance Forms at $ 3.30 As Buying Momentum Slows, While Support Consolidates at $ 3.25- $ 3.26, Showing Orderly Profit-Taking Without Breaking Bullish Structure.
The Final Trading Hour Sees A 1% Retreat from $ 3.27 to $ 3.25 As Late-Session Profit-Taking Emerges.
Volume Spikes Above 5.9m During 00: 32-00: 33 Point to Controlled Distrolled Distribution by Institutional Desks While Keping Price Above Key Support.
News BackgroundRipple Labs and the Securities and Exchange Commission Have Formally Dismissed Their Appeals, Concluding Years of Litigation Over XRP. The Legal Clarity Has Trigered Fresh Institute Inflows, With Daily Volumes Up 208% to $ 12.4B Since The Announcement.
Enterprise Adoption Headlines Added to Sentiment, Including Blue Origin’s Integration of XRP Payments and Sec Approval of Ripple’s Enhanced Regulation D Examphi
Price Action Summary• XRP Gains 4% from $ 3.15 to $ 3.25 Dringing August 12 01: 00– August 13 00:00
• MID-SESSION Rally from $ 3.15 to $ 3.30 Sees Volume Surpass 140M Units
• Resistance ConfirMed AT $ 3.30; Support Holds at $ 3.25- $ 3.26
• Final-Hour Profit-Taking Trims Price To $ 3.25 Without Breaking Structure
Technical Indicators Analysis• Support: $ 3.25- $ 3.26 (Volume-Backed Consolidation)
• Resistance: $ 3.30 (Multiple Rejects)
• Intrady Range: $ 0.20 (6% volatility)
• Largest Volume Concentration: 12: 00-20: 00 Rally Windows
• Late-Session Volume Spikes> 5.9m Linked to Profit-Taking
What Traders Are Watching• Breakout Attempts Above $ 3.30 Toward $ 3.35- $ 3.50
• Sustaned Large-Holder Inflows Post-Settlement
• Impact of Enterprise Adoption News Flow On Spot Demand
• Macro Spillover Effects from Trade and Rate Policy Shifts
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Macro Sentiment Remains InfluenCed by Broader Risk Markets, But Doge’s Higher Lows and Persenti Whle Bids Keep The Near-Term Structure Constructive.
- Doge ExperienCed A 5.6% Rally, Peaking At $ 0.238 Before Profit-Taking Reduced Gains.
- WHALE INVESTORS ACQUID OVER 1 Billion Doge, Signaling Strong Institutional Interest.
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