Recall that Judge Analisa Torres found Ripple violated securities laws with institutional sales of XRP and ordered a $125.0M penalty — but XRP itself was not deemed a security. With the multi‑year legal overhang finally resolved, investor interest in the world’s third‑largest digital asset by total value has strengthened.
According to leading crypto trading platform reporting, institutional ETF inflows rose roughly +208% over the past week. Market watchers also expect the decision to accelerate consideration of a potential Ripple ETF: prediction market Polymarket currently pegs approval odds near 77%. Seven issuers — including Grayscale, Franklin Templeton, and 21Shares — have filed for spot XRP ETFs. While some were disappointed that BlackRock has indicated no immediate plans to launch a Ripple ETF, the medium‑term fundamental backdrop for XRP remains constructive.
Support & Resistance
The pair has re‑engaged the medium‑term uptrend. Price has secured a foothold above 3.1250 (Murray [8/8]), reinforced by the mid‑Bollinger band, which opens scope toward 3.6620 (area of historic highs) and 3.9062 (Murray [+2/8]).
For bears, a pivotal downside marker is 2.7344 (Murray [7/8]). A break beneath would revive a pullback toward 2.3438 (Murray [6/8]) and 1.9531 (Murray [5/8]).
Resistance
- 3.6620
- 3.9062
Support
- 2.7344
- 2.3438
- 1.9531
Indicators
- Bollinger Bands: broadly flat.
- MACD: expanding in positive territory.
- Stochastic: turning lower from overbought.
Trade Scenarios
Primary (BUY STOP)
Longs from 3.3000 targeting 3.6620 and 3.9062, with a stop‑loss at 3.0700. Horizon: 5–7 days.
Alternative (SELL STOP)
Shorts on a break below 2.7344 targeting 2.3438 and 1.9531, with a stop‑loss at 3.0300.
| Timeframe | Recommendation | Entry | Take Profit | Stop Loss | Key Levels |
|---|---|---|---|---|---|
| Weekly | BUY STOP | 3.3000 | 3.6620, 3.9062 | 3.0700 | 1.9531, 2.3438, 2.7344, 3.6620, 3.9062 |
| Weekly (Alt.) | SELL STOP | 2.7300 | 2.3438, 1.9531 | 3.0300 | 1.9531, 2.3438, 2.7344, 3.6620, 3.9062 |