The post XRP Price Holds $3.12 as Ripple-SEC Settlement Aftermath Creates Trading Opportunities appeared on BitcoinEthereumNews.com.

Tony Kim
Aug 17, 2025 07:24

XRP maintains $3.12 support following massive 11% surge from Ripple-SEC resolution. Technical indicators show neutral momentum with key resistance at $3.38.

Quick Take • XRP currently trading at $3.12 (+0.20% in 24h) • XRP RSI at 51.64 indicates neutral momentum after recent settlement rally • Ripple-SEC case dismissal drove 11% surge earlier this week, institutional volumes up 208% What’s Driving Ripple Price Today? The XRP price remains consolidating around $3.12 following this week’s dramatic market movements triggered by the SEC’s dismissal of its case against Ripple Labs. While the initial 11% surge on August 11th pushed XRP from $2.93 to $3.27, subsequent profit-taking has created a more measured trading environment. Recent developments continue to support underlying bullish sentiment. Ripple’s RLUSD stablecoin, which has accumulated $470 million in circulation since its October 2024 launch, is moving closer to U.S. banking integration pending national trust charter approval. This development could enable near-instant money transfers across Ripple’s existing payment corridors in over 50 countries. The BRICS summit discussions from August 9-15 regarding shared digital currency systems have also positioned XRP favorably, with the XRP Ledger viewed as a potential bridge currency for reducing U.S. dollar reliance in international settlements. However, macroeconomic pressures remain a headwind. Despite the positive regulatory resolution, XRP price action shows sensitivity to broader market conditions, including trade policy uncertainties and monetary policy shifts that contributed to the 2% decline from $3.19 to $3.14 on August 12th. XRP Technical Analysis: Neutral Signals Emerge Ripple technical analysis reveals a consolidation phase following the settlement-driven rally. XRP’s RSI currently sits at 51.64, firmly in neutral territory after cooling from overbought conditions reached during the initial surge. The MACD histogram shows -0.0209, indicating bearish momentum divergence despite the overall…

---

Filed under: News - @ August 17, 2025 7:27 am