Rebeca Moen
Aug 15, 2025 00:20
XRP trades at $3.09 after a 6% decline, but Ripple technical analysis shows bullish momentum remains intact following the SEC settlement breakthrough.
Quick Take
• XRP currently trading at $3.09 (-6.01% in 24h)
• Ripple’s RSI holds neutral at 50.22 despite recent pullback
• SEC settlement removes major regulatory overhang for institutional adoption
What’s Driving Ripple Price Today?
The XRP price experienced significant volatility this week following the landmark SEC settlement announcement. On August 8, the Securities and Exchange Commission officially ended its lawsuit against Ripple Labs, with the company agreeing to pay a $125 million fine and accepting an injunction on XRP sales to institutional investors.
This regulatory clarity initially sparked a powerful rally, with XRP breaking key resistance levels on August 14. However, profit-taking pressures emerged quickly, leading to a 2% decline on August 12 as early investors locked in gains from the settlement-driven surge.
The current 6% daily decline appears to be a continuation of this profit-taking phase, despite trading volumes remaining elevated at $940 million on Binance spot markets. Institutional buying interest, which surged 208% immediately after the settlement news, has cooled as traders await the next catalyst.
Today’s August 15 deadline has the XRP community watching for potential developments related to Ripple’s evolving legal status and broader cryptocurrency discussions at the BRICS economic summit.
XRP Technical Analysis: Mixed Signals as Bulls Maintain Control
Despite today’s pullback, Ripple technical analysis reveals the overall trend structure remains very strong bullish. XRP’s RSI at 50.22 sits in neutral territory, suggesting the recent decline hasn’t pushed the token into oversold conditions that might signal capitulation.
The moving average structure tells a compelling story for XRP bulls. Ripple’s price trades above its 200-day SMA at $2.46, while the shorter-term 50-day SMA at $2.89 provides strong support. The 20-day SMA at $3.11 is acting as immediate resistance, with the current XRP price of $3.09 testing this critical level.
Ripple’s MACD histogram shows -0.0178, indicating bearish momentum in the short term. However, this divergence often precedes consolidation phases rather than major trend reversals, especially when the broader trend remains intact.
The Bollinger Bands paint an interesting picture for XRP traders. With the upper band at $3.38 and lower band at $2.83, Ripple’s current position at 0.4584 %B suggests room for movement in either direction without reaching extreme levels.
Ripple Price Levels: Key Support and Resistance
Based on Binance spot market data, XRP faces immediate resistance at $3.38, which coincides with both the Bollinger Band upper limit and yesterday’s trading high. A break above this level could target the stronger resistance zone at $3.66, near Ripple’s 52-week high of $3.55.
For XRP support levels, traders should monitor $2.73 as the first line of defense. This level has provided bounce opportunities during recent pullbacks and aligns with short-term technical support. Below that, Ripple’s strong support sits at $2.07, though reaching this level would likely require a significant shift in market sentiment.
The daily Average True Range of $0.19 indicates that XRP typically moves within a $0.38 range during normal trading sessions, suggesting today’s current volatility falls within expected parameters.
Should You Buy XRP Now? Risk-Reward Analysis
For swing traders, the current XRP price presents a measured opportunity. The combination of regulatory clarity and technical support near $3.09 offers a favorable risk-reward setup, especially for positions with stops below $2.73.
Conservative investors might wait for a clear break above $3.38 to confirm the resumption of the post-settlement rally. This approach sacrifices some upside potential but reduces the risk of catching a falling knife during ongoing profit-taking.
Day traders should focus on the XRP/USDT pair’s behavior around the 20-day SMA at $3.11. Bounces from this level with increasing volume could signal short-term buying opportunities, while breaks below might target the $2.99 daily low.
Risk management remains crucial given XRP’s recent volatility. The settlement news has removed a major fundamental overhang, but market structure suggests consolidation may continue before the next major move higher.
Conclusion
XRP price action over the next 24-48 hours will likely depend on whether bulls can defend the $3.09-$3.11 support zone. While today’s 6% decline appears to be profit-taking rather than a trend reversal, traders should watch for volume confirmation on any bounce attempts. The SEC settlement provides a strong fundamental backdrop, but technical consolidation may be necessary before XRP can challenge the $3.66 resistance level effectively.
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