XRP Surges Past $3.25 as Ripple-SEC Case Closure Ignites Institutional Buying
XRP rallied sharply on August 11, climbing over 11% in 24 hours to hit a high of $3.27, buoyed by the formal dismissal of the U.S. Securities and Exchange Commission’s (SEC) case against Ripple Labs. The move eliminated a major regulatory cloud that had hung over the token for years, unlocking a wave of institutional inflows and sending XRP through critical resistance levels.
Institutional Flows Drive Breakout
The rally was accompanied by a 208% surge in trading volumes to $12.4 billion, as institutional participants re-entered the market. Derivatives open interest also rose 15% to $5.9 billion, highlighting renewed leveraged exposure.
After early-session volatility saw XRP briefly dip from $3.24 to $3.16 on heavy volume, buyers quickly stepped in at the $3.15–$3.16 zone. That accumulation set the stage for a late-session breakout that cleared the $3.22 resistance and pushed XRP above $3.24 into the close.
Market Reaction to SEC Case Dismissal
The joint dismissal of appeals in the Ripple case signals regulatory clarity that investors had been waiting for. The outcome is expected to accelerate corporate adoption of XRP and improve access to institutional capital, with some research desks now eyeing price targets in the $4.50–$5.00 range.
Key Price Levels & Technicals
- Price Range: $3.15 – $3.27
- Support: $3.15 – $3.16
- Resistance: $3.24 – $3.27
- Volume: $12.4B (+208%)
- Open Interest: $5.9B (+15%)
Analysts see $3.15 as a key reference point for near-term risk management, while a confirmed push above the $3.27 level could trigger further momentum. ETF-related inflows from overseas markets, particularly Japan, could also contribute to upside pressure if they begin spilling into U.S. exchanges.
Broader Market Context
XRP’s breakout coincides with broader market strength and increased risk appetite. The resolution of regulatory uncertainty not only positions XRP as a viable institutional asset but also strengthens its technical outlook, with multi-month consolidation patterns giving way to renewed upward momentum.
