XRP price rallied after dovish Fed signals and a court filing closure in the Ripple case, jumping from $2.78 to $3.10 before a modest retracement; traders now watch $3 as near-term support and $3.60 as a potential upside target if momentum holds.
XRP price spiked to $3.10 after Powell’s dovish tone and a Joint Stipulation of Dismissal in the Ripple case.
Short-term support: $3.00 and $2.96; intraday resistance near $3.60 if buyers sustain momentum.
Market data: intraday high $3.10, 24h change -0.76%, weekly -3.97%; RSI near 50 signals likely consolidation.
XRP price jumped after Ripple appeals dismissal and dovish Fed signals; read updated levels to watch, analyst view, and trading takeaways—stay informed.
What is driving the recent XRP price surge?
XRP price moved higher after dovish signals from Fed Chair Jerome Powell at Jackson Hole and the Second Circuit’s approval of a Joint Stipulation of Dismissal in the Ripple appeals, prompting buyers to target short-term gains. The combination of macro easing hopes and legal clarity pushed XRP from $2.78 to $3.10 before profit-taking.
How did market reaction and price action unfold?
Buyers aggressively bought dips on Friday, lifting XRP from $2.78 to $3.10 as traders priced in a possible September rate cut. The legal update — the Second Circuit’s approval of the Joint Stipulation of Dismissal in the Ripple case — removed a major uncertainty and supported flows into XRP.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
Profit-taking later pushed the token down; at the time of writing, XRP was near $3.00, down 0.76% over 24 hours and roughly 3.97% on the week.
$3 is acting as a psychological and technical pivot. Price repeatedly tested and reclaimed $3 on multiple intraday attempts, suggesting short-term buyer conviction. If $3 holds, analysts see a potential move toward $3.60; a decisive break below $2.96 would expose $2.78 as the next support target.
Momentum tools provide a mixed signal. The daily RSI sits around the 50 midline, indicating consolidation rather than a strong trending environment. Volume spikes accompanied the Friday advance, but subsequent declines showed profit-taking rather than a sustained breakout.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/xrp-could-sustain-above-3-after-second-circuit-dismissal-and-fed-rate-cut-hopes/