TLDR
- XRP jumped 11% to hit highs of $3.27 after SEC formally dismissed case against Ripple Labs
- Institutional trading volumes spiked 208% to $12.40 billion showing strong market interest
- Key support established at $3.15-$3.16 zone with resistance at $3.24-$3.27 range
- Open interest in derivatives rose 15% to $5.90 billion indicating heavy institutional positioning
- Analysts now watching $3.12 as critical breakout level for continued momentum
XRP price surged past $3.25 on August 11 after the Securities and Exchange Commission officially dismissed its case against Ripple Labs. The token posted an 11% gain in 24 hours, moving from $2.90 to peak at $3.27 before settling at $3.22.
The rally came with massive institutional interest as trading volumes exploded 208% to $12.40 billion. This marked one of the heaviest trading days for XRP in recent months.
Open interest in XRP derivatives climbed 15% to $5.90 billion. This shows large players are taking positions following the regulatory clarity.
Key Support and Resistance Levels
The $3.15-$3.16 zone emerged as strong support during Monday’s session. XRP briefly dropped from $3.24 to $3.16 during early trading on 144.54 million in volume. Buyers quickly defended this level.
A late-session push broke through $3.22 resistance and held above $3.24 into the close. The session showed a range of $0.11 between the $3.27 high and $3.15 low.
Resistance now sits at the $3.24-$3.27 band. A breakout above this range could push XRP toward higher targets that some analysts place at $4.50-$5.00.
Settlement Impact on Trading
The SEC-Ripple settlement removes years of legal uncertainty. This regulatory clarity triggered corporate treasury rebalancing and new institutional flows into XRP.
The formal dismissal of appeals ends the multi-year legal battle. This opens doors for broader corporate and institutional adoption of XRP.
Some institutional research desks are now targeting medium-term upside of $4.50-$5.00. The settlement also clears the path for potential ETF products.
Analyst EGRAG CRYPTO pointed to $3.12 as a key breakout level. He said XRP needs to close above this resistance to regain momentum and avoid another dip.
#XRP – This Wick Made Many Shit Their Pants! 😱
In the near future, you will be remembered as the person who panicked over a tiny wick on the 2-month time frame, all while we’re forming the highest and most significant candle body structure in #XRP history! 📈🔥
Remember, Glory… pic.twitter.com/ZvSfsX145Q
— EGRAG CRYPTO (@egragcrypto) August 3, 2025
Dark Defender noted XRP touched $2.8558, which he had predicted as a fourth wave dip. He said this move was expected by traders following the chart patterns.
Hi all, #XRP is about to complete the ABC Wave.
1. We set ABC Wave in July after $3.6606 on the Dark's Side & expected $2.85. We hit Wave A as expected 🎯
2. Our Structure was below, and this is from 07-Aug.
3. We hit the B Wave top at $3.33 🎯
4. We still keep the structure… pic.twitter.com/3P7tMr69Hx
— Dark Defender (@DefendDark) August 10, 2025
The current price action shows XRP building what could be one of its strongest candle structures in years. However, analysts warn that without a break above $3.12, another sharp move down could occur.
Ripple CTO David Schwartz announced plans for a personal XRPL server in New York. This high-speed server will support network testing and data gathering while maintaining decentralization.
The server will run on strong hardware and provide extra capacity for validators. Schwartz emphasized it would not become a central part of the network.
XRP closed Monday’s session at $3.22 with institutional volumes remaining elevated and derivatives positioning showing continued bullish interest from large players.
