Legal Resolution Fuels 45% Monthly Gains and Strong Market Support Levels
XRP has recorded a notable 4% daily gain and an impressive 45% rise over the past month, following the announcement that Ripple Labs and the U.S. Securities and Exchange Commission have officially dismissed their respective appeals, marking the end of a long-running legal battle. This resolution has spurred institutional buying, with daily trading volumes surging by 208% as large-scale investors re-enter the market.
The price currently hovers around $3.21, holding above a key support zone between $3.00 and $3.05, as visible on the 4-hour chart. Analysts point out that XRP recently broke out of a multi-week descending channel, triggering a strong bullish run that lifted it past multiple resistance zones.
From a technical perspective, the chart highlights strong demand zones in the $2.80–$3.00 range, while selling pressure remains concentrated near $3.35 and $3.70, which align with prior rejection points. Volume spikes during recent upswings signal aggressive accumulation, particularly from professional traders.
Market analysts suggest that if XRP can sustain momentum above $3.35, the next upside target could approach $3.70–$3.80. On the downside, a breakdown below $3.00 could trigger a retest of the $2.60–$2.70 support band.
The end of the Ripple-SEC case is widely seen as a turning point for the token’s long-term trajectory. By eliminating the risk of a prolonged legal dispute, it has strengthened investor confidence and restored XRP’s status as a viable asset for institutional portfolios.
With trading volumes at multi-month highs and technicals aligning with bullish sentiment, XRP now faces its most favorable conditions in years. The coming weeks will reveal whether this momentum can carry it toward reclaiming levels not seen since its previous market cycle peaks.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.