XRP Price Outlook Remains Bullish Despite Recent Sell-Off

XRP has struggled to breach the $3.50 resistance level for a new all-time high, but maintains stability above $3 support and forms a potential bull flag. The asset's chart shows growth potential and a favorable outcome in the SEC v. Ripple lawsuit could act as a catalyst. Investors may need to watch for XRP reclaiming the $3.40 level to focus on the $12.6 target.

XRP has been grappling with the $3.50 resistance level, a key barrier for a new all-time high (ATH). Despite this, the asset maintains stability above the $3 support level and is forming a potential bull flag. The recent bullish trend, bolstered by a favorable outcome in the SEC v. Ripple lawsuit, has investors optimistic about XRP's future.

Market Movement and Resistance Levels

XRP's price has been attempting to break through the $3.50 resistance level, a critical milestone for achieving a new ATH. The asset has shown signs of bullish momentum, breaking above the $3.288 resistance level on the hourly chart of the XRP/USD pair [1]. However, it has faced rejection at the $3.50 level, causing disappointment among traders.

The price has since consolidated above the $3.30 level and the 100-hourly Simple Moving Average (SMA). On the upside, the next major resistance is near the $3.3650 level. If XRP clears this resistance, it could move toward the $3.40 resistance and potentially even the $3.450 or $3.480 levels in the near term [1]. Conversely, if XRP fails to clear the $3.350 resistance, it could start a fresh decline, with initial support near the $3.290 level and major support near the $3.200 level or the 61.8% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high [1].

Technical Indicators

The Hourly MACD for XRP/USD is gaining pace in the bullish zone, and the RSI is above the 50 level, indicating strong buying pressure. These indicators suggest that XRP could continue its upward trajectory if it can clear the resistance levels [1].

Regulatory Optimism

The closure of the Ripple vs. SEC lawsuit has injected fresh optimism into the crypto industry. SEC Chair Paul Atkins has welcomed the win and called the lawsuit's conclusion a "turning point" for U.S. regulation. Atkins has outlined "Project Crypto," a vision for the SEC's next steps, which includes drafting a transparent regulatory framework for digital assets that balances innovation with investor protection [4].

The closure of the lawsuit has boosted XRP's price outlook, with popular on-chain analyst Ali Martinez predicting that XRP's $12.6 target is a realistic expectation if market conditions are right [3]. Meanwhile, top crypto analyst Michaël van de Poppe believes XRP could find stability at the $3.40 level, which investors should watch for.

Conclusion

While XRP has struggled to break through the $3.50 resistance level, the asset maintains stability above the $3 support level and is forming a potential bull flag. The recent bullish trend and favorable regulatory environment have investors optimistic about XRP's future. Investors should keep an eye on XRP reclaiming the $3.40 level to focus on the $12.6 target.

References

[1] https://www.mitrade.com/insights/news/live-news/article-3-1038087-20250814
[2] https://finbold.com/xrp-erases-10-billion-in-a-day-despite-ripple-victory/
[3] https://u.today/no-xrp-ath-push-not-completely-dead
[4] https://coinpedia.org/news/sec-chair-paul-atkins-calls-xrp-lawsuit-a-turning-point/