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Mr. Amin

08/13 01:42

$XRP Price Falls After SEC Win Despite Huge Tradin

$XRP Price Falls After SEC Win Despite Huge Trading Surge Ripple’s XRP token dropped 2% to $3.14 on Tuesday after briefly touching $3.32, even though it just scored a big legal win against the U.S. SEC. The settlement caused trading activity to jump 208%, hitting $12.4 billion. But the price drop shows that big investors were cashing out profits right after the news. {spot}(XRPUSDT) #Xrp🔥🔥 Excitement Fades After the News In typical crypto fashion — “buy the rumor, sell the news” — XRP shot up to $3.32 at 8 AM but quickly fell back. Over the next 24 hours, it slid from $3.19 to $3.14. The biggest selling wave came at 7 PM, when nearly 74 million XRP were traded and the price dropped from $3.20 to $3.15. Even so, XRP held firm at $3.13. Each time it touched that level, buyers stepped in. Late in the day, two volume spikes (3.21 million and 4.45 million XRP) suggested that smart, long-term investors were buying the dip. Right now, XRP is trading between $3.13 support and $3.27 resistance, which is still solid given the huge news. Legal Cloud Clears, But Global Issues Remain Ripple’s settlement with the SEC ends a five-year legal battle and removes the uncertainty that’s hung over XRP since 2020. This should make it easier for institutions to invest without regulatory worries. However, bigger global factors — like trade disputes, interest rate policies, and overall market mood — are still influencing the entire crypto market. A legal win can’t protect prices from these pressures. What’s Next for XRP? The current pattern is normal for crypto: a big jump on good news followed by profit-taking. The 7 PM selloff looked like a planned move by institutions, not panic selling from everyday traders. Key price points to watch: If XRP breaks above $3.27, it could start climbing again. If it drops below $3.13, more selling might follow. With institutions showing interest after the settlement, any weakness in price could attract more big buyers.
#Will Bitcoin fall in August?#ETH price breaks through $4,600, buy or sell?#HTX 12th-Anniversary Carnival#Buy Bitcoin’s dip,’ says Eric Trump#Whose “child” is ES — Solana or Ethereum?
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