XRP price rallied after dovish Fed signals and a court filing closure in the Ripple case, jumping from $2.78 to $3.10 before a modest retracement; traders now watch $3 as near-term support and $3.60 as a potential upside target if momentum holds.
-
XRP price spiked to $3.10 after Powell’s dovish tone and a Joint Stipulation of Dismissal in the Ripple case.
-
Short-term support: $3.00 and $2.96; intraday resistance near $3.60 if buyers sustain momentum.
-
Market data: intraday high $3.10, 24h change -0.76%, weekly -3.97%; RSI near 50 signals likely consolidation.
XRP price jumped after Ripple appeals dismissal and dovish Fed signals; read updated levels to watch, analyst view, and trading takeaways—stay informed.
What is driving the recent XRP price surge?
XRP price moved higher after dovish signals from Fed Chair Jerome Powell at Jackson Hole and the Second Circuit’s approval of a Joint Stipulation of Dismissal in the Ripple appeals, prompting buyers to target short-term gains. The combination of macro easing hopes and legal clarity pushed XRP from $2.78 to $3.10 before profit-taking.
How did market reaction and price action unfold?
Buyers aggressively bought dips on Friday, lifting XRP from $2.78 to $3.10 as traders priced in a possible September rate cut. The legal update — the Second Circuit’s approval of the Joint Stipulation of Dismissal in the Ripple case — removed a major uncertainty and supported flows into XRP.
Profit-taking later pushed the token down; at the time of writing, XRP was near $3.00, down 0.76% over 24 hours and roughly 3.97% on the week.
Why does $3 matter for XRP now?
$3 is acting as a psychological and technical pivot. Price repeatedly tested and reclaimed $3 on multiple intraday attempts, suggesting short-term buyer conviction. If $3 holds, analysts see a potential move toward $3.60; a decisive break below $2.96 would expose $2.78 as the next support target.
What are the key technical indicators saying?
Momentum tools provide a mixed signal. The daily RSI sits around the 50 midline, indicating consolidation rather than a strong trending environment. Volume spikes accompanied the Friday advance, but subsequent declines showed profit-taking rather than a sustained breakout.
Frequently Asked Questions
How did Fed comments influence XRP price?
Fed Chair Jerome Powell’s dovish tone at the Jackson Hole symposium increased optimism for a September rate cut. That macro shift prompted rotation into risk assets, including XRP, fueling its spike from $2.78 to $3.10 on Friday.
Is the Ripple legal matter fully resolved?
The Second Circuit’s approval of the Joint Stipulation of Dismissal of Appeals indicates official closure of the appeals process. This legal clarity reduced uncertainty for market participants and contributed to positive price action for XRP.
Price Summary Table
| Metric | Value |
|---|---|
| Intraday high | $3.10 |
| Current price | $3.00 (approx.) |
| 24h change | -0.76% |
| Weekly change | -3.97% |
| Key support | $3.00, $2.96, $2.78 |
| Key resistance | $3.60 |
Key Takeaways
- Macro + Legal Catalysts: Fed dovish signaling and the Second Circuit’s dismissal approval were the primary drivers of the recent XRP price spike.
- Technical Outlook: RSI around 50 suggests consolidation; holding $3 is critical for upside continuity.
- Trader Action: Monitor volume on any push above $3.10 for conviction; set stops below $2.96 to manage downside risk.
Expert commentary
Crypto analyst Ali notes, “XRP is mid-rebound and could target $3.60 if buyers sustain momentum; failing to hold $3 raises the chance of a retest of $2.78.” This aligns with observed price support tests during intraday sessions.
How to monitor XRP after this move
1. Watch macro calendar for Fed statements and economic prints. 2. Track on-chain activity and exchange flows for real-time supply/demand shifts. 3. Use short time-frame volume confirmation on moves above $3.10 before increasing exposure.
Conclusion
Updated market dynamics — a dovish Fed outlook and the Second Circuit’s dismissal approval in the Ripple case — drove an XRP price surge to $3.10 before a measured pullback. Traders should watch $3 as immediate support and $3.60 as an upside target, while monitoring RSI and volume for confirmation. Stay positioned with risk controls and follow COINOTAG coverage for timely updates.
Published: 2025-08-24 | Updated: 2025-08-24 | Author: COINOTAG
