{"id":41278,"date":"2025-08-09T05:31:49","date_gmt":"2025-08-09T05:31:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41278"},"modified":"2025-08-09T05:31:49","modified_gmt":"2025-08-09T05:31:49","slug":"ripple-sec-settlement-rally-cools-as-xrp-drops-5-on-profit-taking","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41278","title":{"rendered":"Ripple-SEC Settlement Rally Cools as XRP Drops 5% on Profit-Taking"},"content":{"rendered":"<div>\n<p>XRP slides through key levels in a high-volume selloff before stabilizing at major support, with regulatory clarity now in place after the Ripple-SEC settlement.<\/p>\n<h2>Technical Analysis Overview<\/h2>\n<p>XRP falls 5% in the 24-hour period ending August 9, dropping from $3.34 to $3.20 before recovering to $3.30. The move spans a $0.17 range, marking 5.24% volatility. <br \/>Selling pressure peaks between 14:00-15:00, when price collapses from $3.36 to $3.20 on 209.67 million volume \u2014 the largest single-hour print of the session. <br \/>Buyers defend the $3.20 zone, triggering a rebound to $3.33 by 19:00. Resistance forms at $3.31-$3.33, with support locked at $3.20.<\/p>\n<h2>News Background<\/h2>\n<p>The Securities and Exchange Commission and Ripple Labs have officially ended their five-year legal battle, jointly dismissing their appeals in the XRP case. The Second Circuit Appeals Court recognized the filing, with both parties bearing their own costs.<\/p>\n<p>\u201cFollowing the Commission\u2019s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,\u201d Ripple\u2019s chief legal officer Stuart Alderoty said on X.<\/p>\n<h2>Price Action Summary<\/h2>\n<p>\u2022 XRP drops from $3.34 to $3.20 between August 8 14:00-15:00 in a high-volume selloff, printing 209.67 million tokens traded<br \/>\u2022 Buyers defend $3.20 support, sparking recovery to $3.33 by 19:00<br \/>\u2022 Resistance builds at $3.31-$3.33 as profit-taking caps upside momentum<\/p>\n<h2>Technical Indicators Analysis<\/h2>\n<p>\u2022 $3.20 confirmed as key support with volume validation at 209.67 million<br \/>\u2022 Resistance established at $3.31-$3.33 during recovery phase<br \/>\u2022 Bull flag structure forming above $3.28, suggesting potential upside continuation if $3.33 breaks<br \/>\u2022 Volume spike to 1.86 million at 01:52 indicates targeted accumulation attempts<br \/>\u2022 5.24% intraday volatility highlights defined range-bound trade between $3.20 and $3.33<\/p>\n<h2>What Traders Are Watching<\/h2>\n<p>\u2022 Whether $3.20 holds on the next retest amid continued institutional positioning<br \/>\u2022 Breakout confirmation above $3.33 to signal end of profit-taking phase<br \/>\u2022 Follow-through buying linked to post-settlement regulatory clarity<br \/>\u2022 ETF-related flows from Japan\u2019s SBI filing and potential spillover into U.S. markets<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP slides through key levels in a high-volume selloff before stabilizing at major support, with regulatory clarity now in place after the Ripple-SEC settlement. Technical Analysis Overview XRP falls 5% in the 24-hour period ending August 9, dropping from $3.34 to $3.20 before recovering to $3.30. The move spans a $0.17 range, marking 5.24% volatility. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41278","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41278"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41278\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}