“Token Retreats from Early Highs as Institute Selling Emerges, With Volumes Remaining Elegated After Ripple-SEC Legal Resolution.”, – WRITE: www.coindesk.com
(Coindesk Data)
- Xrp Fell 2% from $ 3.19 to $ 3.14 in the 24-HOUR PERIOD ENDING AUGUST 12, After Reaching An Intrady High of $ 3.32.
- Ripple Labs and the Sec Have Settled their Legal Dispute, Boosting XRP Trading Volumes by 208% to $ 12.4 Billion.
- Despite The Settlement, Xrp’s Price Remains InfluenCed by Macroeconomic Factors, Including Trade Dispetuses and Monetary Policy Shifts.
Support Holds at $ 3.13 After Multiple Successful Tests, While Resistance Builds at $ 3.27, Setting A Defined Near-Term Range. Final-Hour Trade Sees a Bounce from $ 3.13 to $ 3.14 On Late Buying, With Volume Spikes of 3.21M and 4.45m Signling Dip-Buying Interest.
News BackgroundRipple Labs and the Securities and Exchange Commission Have Formally Ended Their Nearly Five-Year Legal Battle, Jointly Dismissing Appeals in the XRP Case. The Settlement Removes A Significant Compliance Overhang, Unlocking Greater Institutional Participation. Daily Trading Volumes Have Jumped 208% to $ 12.4B Since The Announcement, with Open Interest Also Climbing.
Despite the Legal Breakthrogh, Broader Crypto Sentiment Remains Tied to Macro Factors, Including Ongoing International Trade Disports and Shifting Monetary Policy Experts.
Price Action Summary• XRP Declines from $ 3.19 to $ 3.14 in the August 11 01: 00– August 12 00:00 Window
• INTRADAY PEAK OF $ 3.32 AT 08:00 Meets Heavy Resistance, Triggering Selloff
• 19:00 Hour SEES $ 3.20 to $ 3.15 Drop On 73.87m Volume – Session’s Heaviest Print
• Support ConfirMed AT $ 3.13; Resistance Loked at $ 3.27
Market Analysis and Economic FactorsThe PullBack Reflects Natural Profit-Taking After XRP’s Post-Settlement Rally. Large Holders Appear to be Rebalancing Positions While Maintening Bids at $ 3.13- $ 3.15, Indicating No Deterioration in Longer-Term Sentiment. Macro Uncertainty Continues to Influence Broader Flows, Thought Xrp’s Regulatory Clarity Gives It Relative Insulation Versus Peers.
Technical Indicators Analysis• Support: $ 3.13 (Multiple Volume-Backed Tests)
• Resistance: $ 3.27- $ 3.32 (Repeated Reject)
• Intrady Range: $ 0.19 (6% volatility)
• Heavy 19:00 Volume Suggests Coordinated Institutional Selling
• LATE-SESSION ACCUMULATION KEPS PRICE ABOVE $ 3.13
What Traders Are Watching• Breakout Potential Above $ 3.27 to Resume Upward Momentum
• Stability of $ 3.13 Support on Further Profit-Taking Waves
• Persistency of Institutional Inflows Post-Regulatory Settlement
• Macro Spillover Effects from Trade and Monetary Policy Developments
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