The legal victory of XRP on the US Securities and Exchange Commission (SEC) has removed an important regulatory obstacle, which arouses optimism for institutional acceptance and even a potential place XRP ETF.
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The daily trade volumes rose 208% to $ 12.4 billion after the settlement, with analysts estimate a 95% chance of ETF approval by October 2025.
However, price action suggests that the euphoria can cool. In the 24 hours ending on 12 August, XRP fell 4% from $ 3.19 to $ 3.13, despite reaching an intraday peak of $ 3.32.
Heavy sale during the 19:00, a total of 73.87 million in volume, indicates that large holders lock profit. Although the support is held at $ 3.12, the resistance remains firm at $ 3.27 – $ 3.32.
Beerarish fractal signals potentially 45% decrease
Technical analysts look at a relevant development XRPs two weeks of graph: A bearish divergence where the price makes higher highlights, but prints the relative strength index (RSI). This setup reflects the conditions of the Market Peak of 2017-2018, which preceded a brutal sale of several months.
If the pattern repeats itself, XRP could slide to its exponential advancing average of 50 periods near $ 1.64, about 45% below current prices, before finding meaningful support. Interim demand can come forward around $ 1.90 – $ 2.00, but the Bearish Fractal suggests that the momentum fades.
Such a correction would not necessarily put an end to the wider bull market, but could shake over traders, can reset the sentiment and form the stage for a more sustainable upward trend.
XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview
Can bulls invalidate the Bearish XRP setup?
Bulls see a different path. XRP tests the resistance level of $ 3.55, which closed the 2018 rally and is broken from a multi -year symmetrical triangle.
Cleaning up $ 3.55 with a strong volume can open the door for $ 4.41 and possibly $ 5.68, especially if American regulators, an XRP ETF approve and whales shift from distribution to accumulation.
Ripple’s focus on long -term infrastructure, CBDC partnershipsAnd real assets-tokenization could support the fundamental question, even if the price action becomes jerky in the short term.
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Nevertheless, macro -economic uncertainty, valvis sales patterns and technical resistance obstacles remain that traders have to keep a close eye on. For the time being, XRP is at a crossroads, so that the ominous fractal is confirmed for a steep drop or breaks through the resistance to extend the Post-SEC rally.
Cover image of Chatgpt, XRPUSD -Grafiek van TradingView