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XRP extended its bullish run in the 24-hour session from August 13 at 04:00 to August 14 at 03:00, climbing from $3.24 to $3.33 for a 3.10% gain.
Price action carved out a $0.14 corridor between $3.20 and $3.34, reflecting 4.20% volatility amid pronounced institutional buying.
The most aggressive move came at 13:00 when XRP pierced resistance at $3.27 on 217.4 million volume—nearly triple the 24-hour average—followed by sustained overnight accumulation with volumes above 117 million in consecutive hours.
Support solidified in the $3.20-$3.22 zone, while profit-taking emerged at $3.34 into the session close.
Price Action Summary
- XRP gained 3.10% over the period, moving from $3.24 to $3.33, with a high of $3.34 and a low of $3.20.
- Breakout through $3.27 resistance on 217.4 million volume at 13:00 signaled large-scale accumulation.
- Multiple overnight sessions posted volumes well above the baseline 81.7 million, reinforcing upward momentum.
- Fresh support established at $3.33 following intraday highs of $3.34; immediate upside targets seen at $3.35-$3.36.
News Background
- Ripple and the SEC formally withdrew all appeals, concluding years of litigation and removing regulatory uncertainty.
- Analysts are drawing parallels to XRP’s 2017 breakout phase, with some projecting potential targets in the $6-$8 range on sustained momentum.
- Institutional flows are driving market structure shifts, with visible liquidity absorption at key resistance levels.
Technical Analysis
- Price band: $3.20-$3.34, volatility: 4.20%.
- Key breakout level: $3.27 resistance cleared on extreme volume.
- Primary support: $3.20-$3.22 zone with strong volume validation.
- Overhead resistance: $3.34 with profit-taking pressure into close.
- Intraday micro-structure supports continuation toward $3.35-$3.36.
What Traders Are Watching
- Whether $3.33 support holds to enable a push toward $3.40 in the short term.
- Sustained institutional volume above baseline levels as a sign of deeper accumulation.
- Broader market reaction to Ripple’s legal clarity, including potential spillover into altcoins with regulatory overhangs.
