One of the important players of the crypto currency market, XRP has recently fell to significant support levels with a high -volume sales wave. While the price witnesses significant levels of movements, Ripple $3.33 The end of the long -term case between the US Securities and the Stock Exchange Commission (SEC) led to the idea that a new era began in the market. Following the long -standing legal uncertainty, the volume of transaction and price movements drew attention.
Price Movements and Technical Developments
In August 8-9, the price of the XRP fell by 5 percent and fell from $ 3.34 to $ 3.20. Especially between 14:00 and 15:00, the sales volume increased to a great extent and caused the price to fall rapidly. During this time zone, 209.67 million XRP was traded and this was the highest volume watch during the day. After the sales pressure, buyers strongly defended the $ 3.20 level and recovered again until $ 3.33.
Analysts say that the $ 3.20 level stands out as an important support point, and a strong resistance occurs between $ 3.31 and $ 3.33. It is also observed that price movements are concentrated in the range of $ 3.20 and $ 3.33 and this range is the scene of short -term fluctuations.
The agreement between Ripple and SEC
The case between Ripple and the US Securities and the Stock Exchange Commission (SEC) ended with the parties withdrawing their appeal applications. The parties applied to the Court of Appeal together and demanded that the case be reduced. The court accepted the application by stating that both parties would cover their legal expenses.
Rip Following the current commission vote, SEC and Ripple officially applied to the Second Chamber, ”Ripple officially applied to the Second Chamber, S
Although there is an expectation of legal risks in market participants after this development, it seems likely to spread the impact on the price over time. Experts, unity statements may have a partial positive impact on market confidence.
Technical Indicators and Trade Trends
In terms of price movements from a technical point of view, the $ 3.20 level is high -volume support point, $ 3.31 and $ 3.33 in the range of resistance is stated. Furthermore, it is estimated that a short -term positive formation is over $ 3.28, and the upward movement may continue if the price exceeds $ 3.33.
Sudden increases in volume at night show that some market players make particularly targeted purchases. The increase in 1.86 million after the volume of 209.67 million may be decisive on the expectations of investors for price movements in the future.
Experts closely monitor whether the $ 3.20 level will be re -tested in the coming days. At the same time, the $ 3.33 level may mean that the profit realization is terminated and the upward movement starts again. The impact of the positioning of corporate investors and the legal clarity provided by the Second agreement is also followed closely.
In addition, some Japan -based institutions on the funding transactions and the impact of potential US markets are on the radar of investors. Global regulation developments and demand increase in the future may be effective on the price of XRP.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
