XRP fell 2% to $3.14 Tuesday after a volatile session that followed Ripple’s settlement with the Securities and Exchange Commission. The token briefly surged to $3.32 after news of the agreement but reversed as traders locked in gains from the five-year legal resolution.
The sell-off came amid record $12.4 billion trading volume, a 208% jump from the previous day. Institutional profit-taking at 7 p.m. triggered a sharp move from $3.20 to $3.15 as 73.87 million tokens changed hands in one hour.
Support and resistance levels in focus
Buyers continue to defend the $3.13 support level, with late-session volume spikes suggesting accumulation at that price. On the upside, $3.27 remains the first barrier, followed by $3.31, a key Fibonacci retracement level that rejected Monday’s rally.
Technical indicators point to a defined trading range:
- Support: $3.13–$3.15 (multiple high-volume rebounds)
- Resistance: $3.27 (near-term ceiling) and $3.31 (critical rejection point)
- Downside risk: $3.00 if selling momentum breaks support
Market drivers beyond regulation
The SEC settlement eliminates a major legal overhang for XRP, allowing broader institutional participation. Still, macroeconomic factors and crypto market sentiment weigh on price direction. Bitcoin’s inability to hold recent highs and declines in other major altcoins have contributed to a cautious tone.
Ripple’s routine monthly release of 1 billion XRP from escrow earlier this month added mild selling pressure, though company executives stressed the activity was scheduled. ETF speculation cooled after BlackRock denied immediate plans for an XRP product, despite multiple applications under SEC review.
Expert forecasts remain divided
Analysts split on short-term direction:
- Tony “The Bull” Severino: $13 target within 40 days
- Peter Brandt: $4.47 in coming months
- Conservative models: $3.12 by August 31, 2025
- Fibonacci extension analysis: $5.53 target for 2025
Most agree the $3.13 floor is critical. A break below could invite deeper pullbacks, while a move above $3.31 could open room toward $3.60–$3.66.
What traders should watch now
- Price reaction at $3.13 on further selling waves
- Volume behavior during $3.27–$3.31 resistance tests
- Signs of sustained institutional inflows post-settlement
- Broader crypto market risk sentiment shifts
XRP’s current 6% volatility range appears modest by crypto standards given the scale of the legal milestone. With the regulatory path clearer, the token’s next moves will likely hinge on whether accumulation at support can overcome ongoing profit-taking.
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