XRP edges higher as SEC settlement clears overhang, ETF talk grows

Ripple’s XRP advanced modestly in mid-August as the long-running Securities and Exchange Commission case against the company behind the token appeared to be nearing closure, clearing a major regulatory overhang and potentially unlocking new uses and funding channels. The token hovered around the 3.20 level, rose toward the 3.30 area on heavy institutional volume, and ended the session above key support as traders weighed the implications of a legal resolution alongside continued developments in XRP’s ecosystem.

In the 24-hour period ending at 1:00 p.m. UTC on August 13, XRP climbed from about 3.20 to 3.29, spiking to a 3.33 intraday high on volume of roughly 193.9 million—the strongest single-session activity in recent weeks and well above the daily average. The session featured brisk two-way price action, with price rallies from roughly 3.27 to 3.32 followed by profit-taking that pulled the price back toward 3.26. By the close, the token settled at 3.28, holding above the 3.20 support level. The price action suggested robust participation from large holders, while on-chain indicators pointed to limited new wallet growth despite the price strength, signaling that much of the...