Ripple-SEC Deal Rally Stalls; XRP Slides 5% on Investor Sell-Off

XRP Pulls Back 5% as Ripple-SEC Case Concludes, But Support Holds Firm

XRP dipped 5% in the past 24 hours, retracing part of its recent double-digit gains after Ripple and the U.S. Securities and Exchange Commission officially ended their long-standing legal dispute.

The correction came as traders locked in profits following XRP’s 13% surge earlier in the week. The token briefly dropped from $3.34 to $3.20 before recovering to $3.30, according to CoinDesk market data.

Legal Clarity Arrives

The move followed confirmation that Ripple and the SEC have jointly dismissed their respective appeals, marking the formal end of a legal battle that spanned over five years. The U.S. Second Circuit Court of Appeals acknowledged the filing, with both parties agreeing to bear their own legal costs.

“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,” Ripple’s Chief Legal Officer Stuart Alderoty posted on X.

Technical Picture: Support Holds After High-Volume Drop

XRP experienced a sharp sell-off between 14:00 and 15:00 UTC on Aug. 8, tumbling from $3.36 to $3.20 amid a surge in volume totaling 209.67 million tokens — the highest hourly activity of the session.

Buyers quickly stepped in to defend the $3.20 level, pushing the token back up to $3.33 by 19:00 UTC. This bounce established a short-term resistance zone between $3.31 and $3.33.

Key Technical Highlights:

Price Range: $0.17 move on the day, representing 5.24% volatility
Support Zone: $3.20, backed by strong volume-based defense
Resistance Zone: $3.31–$3.33, capping the recovery
Pattern: A bull flag structure is emerging above $3.28
Accumulation Signal: Volume spike of 1.86 million at 01:52 UTC suggests targeted buying

Market Sentiment and Outlook

Despite the pullback, XRP’s price action remains constructive. The strong rebound from support and ongoing accumulation activity suggest traders are positioning for another potential leg higher — especially if the token breaks above the $3.33 resistance.

With legal uncertainty now resolved, XRP may benefit from renewed institutional interest, exchange integrations, and broader adoption.

As long as $3.20 remains intact, the technical structure favors continued upside toward higher resistance zones in the short to medium term.