XRP Price Holds $3.12 as Ripple-SEC Settlement Aftermath Creates Trading Opportunities

Quick Take

• XRP currently trading at $3.12 (+0.20% in 24h)
• XRP RSI at 51.64 indicates neutral momentum after recent settlement rally
• Ripple-SEC case dismissal drove 11% surge earlier this week, institutional volumes up 208%

What’s Driving Ripple Price Today?

The XRP price remains consolidating around $3.12 following this week’s dramatic market movements triggered by the SEC’s dismissal of its case against Ripple Labs. While the initial 11% surge on August 11th pushed XRP from $2.93 to $3.27, subsequent profit-taking has created a more measured trading environment.

Recent developments continue to support underlying bullish sentiment. Ripple’s RLUSD stablecoin, which has accumulated $470 million in circulation since its October 2024 launch, is moving closer to U.S. banking integration pending national trust charter approval. This development could enable near-instant money transfers across Ripple’s existing payment corridors in over 50 countries.

The BRICS summit discussions from August 9-15 regarding shared digital currency systems have also positioned XRP favorably, with the XRP Ledger viewed as a potential bridge currency for reducing U.S. dollar reliance in international settlements.

However, macroeconomic pressures remain a headwind. Despite the positive regulatory resolution, XRP price action shows sensitivity to broader market conditions, including trade policy uncertainties and monetary policy shifts that contributed to the 2% decline from $3.19 to $3.14 on August 12th.

XRP Technical Analysis: Neutral Signals Emerge

Ripple technical analysis reveals a consolidation phase following the settlement-driven rally. XRP’s RSI currently sits at 51.64, firmly in neutral territory after cooling from overbought conditions reached during the initial surge.

The MACD histogram shows -0.0209, indicating bearish momentum divergence despite the overall bullish trend. This suggests the immediate buying pressure has subsided, creating a healthier technical setup for potential continuation.

XRP’s position within the Bollinger Bands at 53.21% of the range indicates balanced trading conditions. The current XRP price sits just above the middle band at $3.10, with room to move toward either the upper band at $3.37 or lower band at $2.83.

Moving average analysis supports the bullish structure, with XRP trading above all major timeframes. The 7-day SMA at $3.15 provides immediate dynamic resistance, while the 50-day SMA at $2.93 offers substantial support. The 200-day SMA at $2.46 confirms the longer-term uptrend remains intact.

Ripple Price Levels: Key Support and Resistance

Based on Binance spot market data, XRP faces immediate resistance at $3.38, representing the next logical target for bulls. A break above this level opens the path to strong resistance at $3.66, just above the 52-week high of $3.55.

Ripple support levels are well-defined with immediate support at $2.73. This level coincides with previous resistance-turned-support and represents a 12% downside buffer from current levels. Stronger support exists at $2.15, though reaching this level would require a significant shift in market sentiment.

The daily ATR of $0.18 suggests XRP traders should expect average daily moves of approximately 5.8% in either direction, providing clear risk management parameters for position sizing.

Should You Buy XRP Now? Risk-Reward Analysis

For swing traders, the current XRP price offers an attractive risk-reward setup. Entry near $3.12 with stops below $2.73 provides a 2:1 reward ratio targeting $3.38 resistance. More aggressive traders might consider the $3.66 target for enhanced returns.

Conservative investors should wait for either a pullback to the $2.90-$3.00 zone for better entry points or a confirmed break above $3.38 to join momentum. The Ripple technical analysis suggests patience may be rewarded with clearer directional signals.

Day traders can capitalize on the established range between $3.08 and $3.16 from the past 24 hours, though the relatively narrow range requires tight risk management given XRP’s historical volatility.

The regulatory clarity provides a fundamental backdrop supporting higher prices, but traders should remain aware that XRP/USDT pairs continue showing correlation with broader cryptocurrency market sentiment.

Conclusion

XRP price consolidation around $3.12 represents a healthy technical pause following the Ripple-SEC settlement rally. With neutral momentum indicators and well-defined support at $2.73, the setup favors patient traders waiting for the next directional move. The combination of regulatory clarity and expanding institutional adoption creates a supportive fundamental environment, while technical levels provide clear risk parameters for various trading strategies over the next 24-48 hours.

Image source: Shutterstock