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By Shaurya Malwa, CD Analytics
Aug 14, 2025, 4:42 a.m.
- XRP rose 3.10% from $3.24 to $3.33, with significant institutional buying driving the price action.
- Ripple and the SEC have withdrawn all appeals, ending litigation and reducing regulatory uncertainty.
- Analysts see potential for XRP to reach $6-$8, drawing parallels to its 2017 breakout phase.
XRP extended its bullish run in the 24-hour session from August 13 at 04:00 to August 14 at 03:00, climbing from $3.24 to $3.33 for a 3.10% gain.
Price action carved out a $0.14 corridor between $3.20 and $3.34, reflecting 4.20% volatility amid pronounced institutional buying.
STORY CONTINUES BELOW
The most aggressive move came at 13:00 when XRP pierced resistance at $3.27 on 217.4 million volume—nearly triple the 24-hour average—followed by sustained overnight accumulation with volumes above 117 million in consecutive hours.
Support solidified in the $3.20-$3.22 zone, while profit-taking emerged at $3.34 into the session close.
- XRP gained 3.10% over the period, moving from $3.24 to $3.33, with a high of $3.34 and a low of $3.20.
- Breakout through $3.27 resistance on 217.4 million volume at 13:00 signaled large-scale accumulation.
- Multiple overnight sessions posted volumes well above the baseline 81.7 million, reinforcing upward momentum.
- Fresh support established at $3.33 following intraday highs of $3.34; immediate upside targets seen at $3.35-$3.36.
- Ripple and the SEC formally withdrew all appeals, concluding years of litigation and removing regulatory uncertainty.
- Analysts are drawing parallels to XRP’s 2017 breakout phase, with some projecting potential targets in the $6-$8 range on sustained momentum.
- Institutional flows are driving market structure shifts, with visible liquidity absorption at key resistance levels.
- Price band: $3.20-$3.34, volatility: 4.20%.
- Key breakout level: $3.27 resistance cleared on extreme volume.
- Primary support: $3.20-$3.22 zone with strong volume validation.
- Overhead resistance: $3.34 with profit-taking pressure into close.
- Intraday micro-structure supports continuation toward $3.35-$3.36.
- Whether $3.33 support holds to enable a push toward $3.40 in the short term.
- Sustained institutional volume above baseline levels as a sign of deeper accumulation.
- Broader market reaction to Ripple’s legal clarity, including potential spillover into altcoins with regulatory overhangs.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
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By Shaurya Malwa|Edited by Parikshit Mishra
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What to know:
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