On Monday morning, XRP (XRP) posted a sharp rally of 11%, breaching the $3.25 level for the first time since early July and marking one of the largest single-day percentage moves in recent months. The price surge followed the official dismissal of all remaining appeals in the long-running SEC v. Ripple Labs court case, which had created significant uncertainty around XRP’s regulatory status. Major derivatives desks reported a 208% jump in institutional trading volumes for XRP perpetual futures, with open interest climbing to $5.9 billion—evidence that large-scale traders positioned aggressively ahead of the market’s reaction to the legal news.
Technical analysis showed that the initial leg of the rally encountered resistance at $3.27, which corresponded to the 1.618 Fibonacci extension of July’s consolidation range. After a brief pullback to $3.16, buyers reentered the market, defending the $3.15 support zone and driving the token back above $3.24. The late-session push lifted XRP’s market capitalization above $160 billion, ranking it as the fourth-largest digital asset by market cap. Spot trading volume on centralized exchanges exceeded $4 billion in a single day, while decentralized liquidity pools saw an influx of over $250 million in new liquidity provision.
Institutional interest was further underscored by a flurry of new spot XRP orders on U.S.-listed trading platforms. Market makers noted a significant uptick in buy-side inquiries from family offices and hedge funds seeking exposure to the token’s improved legal clarity. One major OTC desk reported executing block trades totaling 35 million XRP, valued at roughly $112 million, over the course of the session. The removal of the regulatory overhang also spurred renewed discussions around potential corporate treasury allocations, with several companies exploring XRP as a low-cost bridge currency for cross-border settlements.
On-chain metrics revealed a concentration of wallet accumulation between $3.10 and $3.20, suggesting that many market participants viewed this price band as an attractive entry point. Recent data from blockchain analytics provider Arkham Intelligence indicated that a cluster of high-net-worth addresses accumulated over 50 million XRP in the two days prior, which contributed to the rapid depletion of sell orders at the $3.15 mark. Meanwhile, trading activity on foreign token bridges spiked, with over 12 million XRP moved across chains in the 24-hour period, a sign of increased on-chain utility and interest.
Looking forward, most analysts pointed to key levels at $3.50 and $3.75 as potential upside targets if the post-settlement momentum persists. Conversely, a drop below $3.15 could catalyze profit-taking, with technical support identified near $3.00 and $2.85. Market observers also flagged the upcoming release of XRP staking protocol details, which could introduce additional yield-driven demand if adopted by major staking platforms. As sentiment shifted from regulatory concern to growth optimism, investors and traders alike reset their risk parameters to factor in a clearer path for broader XRP adoption—both as an institutional on-ramp and a payment settlement rail.
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