The post XRP Skyrockets After Ripple Ends SEC Battle appeared on BitcoinEthereumNews.com.

Judge Torres’s ruling was a mixed result for both sides. She concluded that Ripple’s institutional sales of XRP, worth hundreds of millions of dollars, were unlawful securities offerings. However, she sided with Ripple on secondary market transactions, determining that “blind bid” sales to retail investors through exchanges were not securities transactions. This decision provides a degree of legal comfort to retail XRP traders in the U.S., while keeping institutional sales under regulatory scrutiny. Market Reaction and Price Movement after Ripple News XRP/USD Daily Chart- TradingView Following the announcement, XRP price rose about 7 percent as traders reacted to the removal of a major legal overhang. On the daily chart, XRP is trading near 3.33 dollars after bouncing from the 3.06 dollar support zone. The news-triggered rally pushed price action closer to the middle Bollinger Band, signaling a shift in short-term momentum. Technical Analysis – Key Levels to Watch The daily Heikin Ashi chart shows that XRP recently broke out from a short consolidation phase after a multi-day decline. The lower Bollinger Band around 2.77 dollars acted as strong support, preventing further downside. The current resistance zone sits near 3.53 dollars, which aligns with the upper Bollinger Band. If buying momentum continues, the next Fibonacci extension targets are 3.85 dollars, 4.20 dollars, and potentially 4.50 dollars. A breakout above 4.50 dollars could open the path toward the psychological 5.00 dollar level. On the downside, if sellers regain control, support lies first at 3.15 dollars, followed by the 3.00 dollar zone. A sustained close below 3.00 dollars would reintroduce bearish pressure, potentially dragging the price back toward 2.77 dollars. Short-Term Outlook In the immediate term, the combination of bullish legal news and a technical bounce increases the likelihood of further upside. However, traders should watch for possible profit-taking near resistance zones. Volume…

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Filed under: News - @ August 8, 2025 8:26 am