XRP (6.8% Dip) Stuns Market After Ripple Announces SEC Case Settlement

Despite a nearly 25% jump in trading volume, XRP registered a surprising 3% decline over the past 24 hours, trading around $2.37

XRP registered a surprising 3% decline over the past 24 hours, despite a nearly 25% jump in trading volume. The cryptocurrency is currently trading around $2.37, testing immediate resistance near the 20-day Exponential Moving Average (EMA) at $2.38.

This dip, which saw a low of $2.33, comes shortly after Ripple announced the settlement of its case with the U.S. SEC—a development that has left many investors puzzled by the negative price action.

Poll Suggests Market Manipulation, Not Ripple Dumping

The unexpected move prompted discussion within the crypto community, highlighted by a poll on X (formerly Twitter) conducted by user “Vincent Van Code.”

He observed the decline occurred just after Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the positive SEC settlement news.

Current XRP price dump makes no sense, right after @s_alderoty announced case settled.

It's almost as if Ripple is playing the market to avoid looking like Ripple news has an impact on price. That is one of the Howey tests. Seriously. Makes no sense. Let's vote it

Van Code speculated that the market actors might be attempting to obscure any direct price influence from the legal outcome, potentially relating to arguments used in securities classifications like the Howey test.

The poll revealed that nearly half (49.5%) of respondents suspect “other market manipulation” as the primary driver behind the drop. In contrast, only 12.5% attributed the decline to Ripple itself selling XRP. Smaller groups cited general XRP selling pressure (9.4%) or broader market declines as factors.

XRP advocate Bill Morgan pushed back against the Ripple dumping theory, commenting on the poll:

“Wow, 12% think XRP price is falling because Ripple is dumping. It seems that idiotic theory is still attracting followers.”

XRP Price Analysis: Key Levels to Watch

The recent price action places XRP at a pivotal technical level, as it's now contending with the 20-day EMA resistance at $2.38 and hovers near the middle Bollinger Band, currently around $2.37.

A sustained break above the upper Bollinger Band, which is standing at $2.56, could potentially open the door for a move towards the $3 mark. However, failure to hold support around the recent low of $2.33 might trigger a retest of the lower Bollinger Band, which is now near $2.09.

The Relative Strength Index (RSI) is currently sitting at 48.95, which suggests neutral momentum in the near term. A decisive push above the 50 level could signal renewed buying interest, while a dip below 45 might indicate mounting selling pressure.