XRP News Today: XRP Drops 5% After 13% Rally on Ripple-SEC Settlement Dismissal

Ripple’s XRP price surged more than 13% on Friday following the conclusion of the long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), which both parties voluntarily dismissed on appeal [1]. The settlement marked a pivotal moment for Ripple, offering regulatory clarity that had been absent for years. However, the initial optimism faded quickly as profit-taking drove XRP into a 5% decline within the following 24 hours [1].

The price action reflected intense institutional activity, with volume peaking at 209.67 million tokens traded during the 14:00–15:00 window on August 8, as the price dropped from $3.36 to $3.20 [1]. Traders then pushed the price back toward $3.33 by 19:00, forming a defined range between $3.20 and $3.33, with $3.20 acting as a key support level. A successful retest of $3.20 will be crucial for bulls, while a breakout above $3.33 could signal the end of the current profit-taking phase [1].

The regulatory clarity from the settlement has not yet triggered a broad-based market rally, with other cryptocurrencies exhibiting mixed performances [1]. However, the resolution has set a legal precedent that may shape future enforcement actions against other digital assets. Ripple’s chief legal officer, Stuart Alderoty, confirmed the dismissal of appeals on X, stating that both parties filed jointly with the Second Circuit Appeals Court [1].

Meanwhile, Japanese firm SBI Holdings has submitted a proposal for a Bitcoin-XRP exchange-traded fund (ETF), which could influence future market dynamics if approved [1]. Analysts are closely watching for signs of follow-through buying linked to the post-settlement environment and potential ETF-related flows [1].

The XRP price correction underscores the inherent volatility in the cryptocurrency market, even in response to major legal developments. For now, market participants remain cautious, with the focus shifting to whether XRP can stabilize and regain upward momentum.

[1] https://www.coindesk.com/markets/2025/08/09/ripple-sec-settlement-rally-cools-as-xrp-drops-5-on-profit-taking

[2] https://www.coindesk.com/markets/2025/08/08/atom-jumps-4-on-institutional-demand-before-late-hour-reversal