12-08-2025
XRP traders go on a profit-taking spree as momentum loses heat
XRP traders go on a profit-taking spree as momentum loses heat originally appeared on TheStreet.
XRP is trading at $3.20, has seen a 5.32% gain on the week, and has been mostly flat over the last 24 hours.
However, the market cap of XRP has seen a 40.89% uptick in 24-hour trading volume showing increased market activity.
The recent price action shows a distinct V-shaped recovery starting on August 8, breaking the previous long-term resistance to the upside clearly defined in our example, touching $3.30 before retreating slightly to a more steady price action, as per crypto analyst Tom Tucker.
A significant driver of XRP's recent V-shaped recovery and breakout above critical resistance was the announcement that Ripple's long-running litigation battle with the SEC has finally ended.
The resolution of the case, confirmed by SEC commissioners Hester Peirce and Chairman Paul Atkins, appears to have reignited bullish sentiment.
On-chain analysis
When looking at the XRP volatility chart, the 1-week volatility has remained relatively low, indicating that the market is indeed calmer in the short term.
Looking at all timeframes, the 1-month, 3-month, and 6-month volatility readings are also average, meaning that we are seeing steadier-than-average price action, both in the short term and medium term.
On-chain data shows XRP's latest surge past $3 has been accompanied by a spike in short-term holder activity, suggesting some long-term investors are taking profits after the SEC–Ripple settlement.
Crypto analyst Ali Martinez also pointed out that about "900 million XRP scooped up by whales in 48 hours!"In addition, a large portion of XRP remains in older age bands (1–3 years), indicating that a significant number of long-term holders are holding on despite the wider volatility. That mixture usually depicts a stage where early profit-taking is met with new inflows.
Technical analysis
XRP has recovered from the mid-August move lower beyond $3, and XRP is trying to clear a key rejection area around $3.30. The 9-period EMA is positioned around the $3.22 level, which has become a short-term pivot and rejection area. Price attempts to clear this level have resulted in rejection.
The volume has also increased during the initial bounce back, but has subsided since mid-August, suggesting a potential lack of bullish momentum.A clear break above the $3.30 opening may open the door for a potential move toward $3.50. If the $3.20 level is lost, the pullback risk against the $3.10 level will increase.
XRP traders go on a profit-taking spree as momentum loses heat first appeared on TheStreet on Aug 11, 2025
This story was originally reported by TheStreet on Aug 11, 2025, where it first appeared.
