XRP Shatters Resistance Post Ripple-SEC Victory — $8 Target Now in Play?

XRP rockets past critical resistance as Ripple scores a landmark win against the SEC. Bulls eye $8—but can the momentum hold?

Market euphoria meets regulatory skepticism—because when has crypto ever taken the easy path?

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.