XRP Price Analysis: Ripple-SEC Trade Rally Slows as XRP Falls 5% on Profit Taking
Ripple and SEC Price Gains Slow as XRP Plunges 5% on Profit Taking
XRP surged more than 13% on Friday following the final ruling in the Ripple-SEC case.
Shaurya Malwa, CD Analytics Updated August 9, 2025, 4:27 PM Published August 9, 2025, 4:34 AM
What you need to know:
- XRP price fell 5% before stabilizing, with high trading volume indicating activity from institutional investors.
- The SEC and Ripple Labs have concluded their legal battle, providing regulatory clarity for XRP.
- Japanese company SBI Holdings has filed for a Bitcoin-XRP ETF, which could impact future market dynamics.
XRP dipped below key levels during a high-volume sell-off before stabilizing at key support as regulatory clarity emerged following Ripple's SEC settlement.
Technical Analysis Review
In the 24 hours ending August 9, XRP fell 5%, falling from $3.34 to $3.20 before recovering to $3.30. The change was $0.17, representing a volatility of 5.24%.
