Ripple (XRP) price shows a lack of buying pressure after its win against the US Securities and Exchange Commission (SEC) on July 13. Since then, the r
The disinclination towards buying can be noticed in declining network growth spurts.A continuation of the downtrend could see Ripple drop 19% to $0.407.after its win against the US Securities and Exchange Commission on July 13. Since then, the remittance token has been on a downtrend. Considering Ripple’s current position, a further decline would not be surprising.
A failure from the buyers’ end to step up could trigger a 19% decline to the next key support level at $0.407.Invalidation of the bearish thesis will occur if XRP price flips the $0.541 resistance level into a support floor. In such a case, XRP price could attempt a 23% rally to tag the next key level at $0.665.
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