XRP Breaks Key Resistance After Ripple-SEC Win — Is $8 Next?

XRP extended its bullish run in the 24-hour session from August 13 at 04:00 to August 14 at 03:00, climbing from $3.24 to $3.33 for a 3.10% gain.

Price action carved out a $0.14 corridor between $3.20 and $3.34, reflecting 4.20% volatility amid pronounced institutional buying.

The most aggressive move came at 13:00 when XRP pierced resistance at $3.27 on 217.4 million volume—nearly triple the 24-hour average—followed by sustained overnight accumulation with volumes above 117 million in consecutive hours.

Support solidified in the $3.20-$3.22 zone, while profit-taking emerged at $3.34 into the session close.

Price Action Summary

• XRP gained 3.10% over the period, moving from $3.24 to $3.33, with a high of $3.34 and a low of $3.20.
• Breakout through $3.27 resistance on 217.4 million volume at 13:00 signaled large-scale accumulation.
• Multiple overnight sessions posted volumes well above the baseline 81.7 million, reinforcing upward momentum.
• Fresh support established at $3.33 following intraday highs of $3.34; immediate upside targets seen at $3.35-$3.36.

News Background

• Ripple and the SEC formally withdrew all appeals, concluding years of litigation and removing regulatory uncertainty.
• Analysts are drawing parallels to XRP’s 2017 breakout phase, with some projecting potential targets in the $6-$8 range on sustained momentum.
• Institutional flows are driving market structure shifts, with visible liquidity absorption at key resistance levels.

Technical Analysis

• Price band: $3.20-$3.34, volatility: 4.20%.
• Key breakout level: $3.27 resistance cleared on extreme volume.
• Primary support: $3.20-$3.22 zone with strong volume validation.
• Overhead resistance: $3.34 with profit-taking pressure into close.
• Intraday micro-structure supports continuation toward $3.35-$3.36.

What Traders Are Watching

• Whether $3.33 support holds to enable a push toward $3.40 in the short term.
• Sustained institutional volume above baseline levels as a sign of deeper accumulation.
• Broader market reaction to Ripple’s legal clarity, including potential spillover into altcoins with regulatory overhangs.