The XRP price is back in the spotlight after a sharp 10% surge triggered by a significant legal development in Ripple’s ongoing battle with the SEC. Traders are now wondering whether this momentum marks the start of a sustained uptrend or simply another emotional reaction in a volatile legal saga.
With XRP reclaiming the $2.95 level and attempting to push toward $3.10, market sentiment is heating up. But technical indicators suggest there could be both promise and risk ahead. Let’s dive into what’s fueling this move, and what might come next.
Ripple’s Legal Victory Sparks New Momentum
The latest rally in the XRP price was sparked by news that a U.S. court once again sided partially with Ripple, pushing back against broad SEC enforcement tactics. While this wasn’t a final resolution, it reinforced the perception that Ripple has the upper hand in the case.
This decision echoes the previous ruling from 2023, when the court declared that XRP sales on secondary markets did not constitute securities offerings. Legal clarity like this tends to act as rocket fuel for XRP and the past 48 hours have been no exception.
The market quickly responded with a 10% price jump, accompanied by a 45% increase in 24-hour trading volume. Investors clearly see this as a potential turning point.
XRP Price Levels to Watch: Support and Resistance
Zooming in on the daily chart, the XRP price is now hovering around $2.96 after briefly touching $3.10. This puts it near a key resistance level from late July, where previous rejection led to a short-term correction.
Source: Trading View
Should bulls break decisively above the $3.10–$3.20 zone, the next major target sits near $3.60 an area that acted as a top during the previous breakout. On the downside, immediate support sits at $2.80. A drop below that could trigger a move toward the $2.50 zone.
Volume indicators are rising, but RSI is approaching overbought territory. This suggests the rally could face some short-term headwinds unless broader market sentiment shifts more decisively.
Ripple Ecosystem News Adds Fuel
Beyond price charts, Ripple has been busy on the product side. The company recently announced progress in cross-border payment corridors, particularly in the Middle East and Asia. This aligns with Ripple’s push to dominate the institutional blockchain payments space especially now that U.S. regulatory clarity is improving.
Additionally, rumors are swirling around a potential new partnership between Ripple and a major remittance firm. While unconfirmed, this has added speculative fuel to the rally.
From an adoption standpoint, XRP Ledger (XRPL) has seen increased developer activity, with new projects launching in DeFi and tokenization sectors.
Is This Just a Relief Rally?
Despite the bullish surge, not everyone is convinced this is the beginning of a sustained rally. Some analysts view the move as a relief bounce a reaction to positive headlines rather than organic buying.
On-chain metrics show an uptick in short liquidations, which may have helped accelerate the move upward. However, long-term accumulation addresses are still below their 2024 highs, suggesting whales are waiting for more confirmation before fully re-entering.
That said, if legal momentum continues to favor Ripple and the broader altcoin market stays hot—XRP may be positioned for another breakout above the $3.50 mark in the coming weeks.
Final Thoughts: What This XRP Price Surge Means for Traders
The latest XRP price action highlights how tightly the token’s fate remains linked to Ripple’s legal and ecosystem milestones. While the recent court decision sparked optimism and a sharp rally, the path forward remains uncertain.
If buyers can break through the $3.10–$3.20 ceiling and hold momentum above the $3.00 psychological zone, a full Ripple rally could be underway. But if resistance holds firm and broader market sentiment weakens, XRP might find itself trapped in another consolidation range.
For now, cautious optimism seems warranted, but with an eye on both the charts and the courtroom.
