“XRP Surged More than 13% on Friday as the ripple-Sec Case Came to a Conclusive End.”, – WRITE: www.coindesk.com
(Coindesk Data)
- XRP Experienced A 5% Drop in Value Before Stabilizing, With Significant Trading Volume Highlighting Institutional Activity.
- The Sec and Ripple Labs have Concluded their Legal Dispute, Providing Regulatory Clarity for XRP.
- Japan’s SBI Holdings Has Filed for a Bitcoin-Xrp etf, Potentilly Influencing Future Market Dynamics.
Technical Analysis OverViewXRP Falls 5% in The 24-HOUR PERIOD ENDING August 9, Droping from $ 3.34 to $ 3.20 Before Recovering to $ 3.30. The Move Spans A $ 0.17 Range, Marking 5.24% Volatility.
Selling Pressure Peaks Between 14: 00-15: 00, WHEN PRICE COLLAPSES FROM $ 3.36 to $ 3.20 On 209.67 Million Volume-The Largest Single-Hour Print of the Session.
Buyers Defend the $ 3.20 Zone, Triggering A Rebound to $ 3.33 by 19:00. Resistance Forms at $ 3.31- $ 3.33, with Support Locked AT $ 3.20.
News BackgroundThe Securities and Exchange Commission and Ripple Labs Have Official Ended Their Five-Year Legal Battle, Jointly Dismissing Their Appeals in the XRP Case. The Second Circuit Appeals Court Recognized the Filing, with Both Parties Bearing Their Own Costs.
“Following the Commission’s Vote today, the Sec and Ripple Formally Filed Directly with the Second Circuit to Dismiss Their Appeals,“ Ripple’s Chief Legal Stuard Xid.
Price Action Summary• XRP Drops from $ 3.34 to $ 3.20 Between August 8 14: 00-15: 00 IN A HIGH-VOLUME SELLOF
• Buyers Defend $ 3.20 Support, Sparking Recovery to $ 3.33 by 19:00
• Resistance Builds at $ 3.31- $ 3.33 as Profit-Taking Caps Upside Momentum
Technical Indicators Analysis• $ 3.20 ConfirMed as Key Support With Volume Validation AT 209.67 Million
• Resistance Establissed at $ 3.31- $ 3.33 Dringing Recovery Phase
• Bull Flag Structure Forming Above $ 3.28, Suggesting Potential Upside Continuation If $ 3.33 Breaks
• Volume Spike to 1.86 Million at 01:52 Indicates Targeted Accuumulation Attempts
• 5.24% Intrady volatility Highlights Defined Range-Bound Trade Between $ 3.20 and $ 3.33
What Traders Are Watching• WHETHER $ 3.20 HOLDS ON THE NEXT RETEST AMID Continued Institutional Positioning
• Breakout Confirmation Above $ 3.33 to Signal End of Profit-Taking Phase
• Follow-Through Buying Linked to Post-Settlement Regulatory Clarity
• ETF-RELATED FLOWS FROM JAPAN’S SBI FILING AND PETENTIAL SPILLlover Into US Markets
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He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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