After the announcement of the conclusion of the Ripple-SEC legal battle that began in 2020, the XRP price had surged by more than 12% in response. This brought the altcoin back above the $3 level to put the bulls back in charge of the price once again. However, there has been a slowdown in the price in the face of profit-taking, and a crypto analyst has suggested that the price could continue to decline toward the next major support level.
Descending Trendline Break Not Enough To Hold Price
Following the surge that was triggered by the Ripple-SEC announcement, the XRP price was able to break a descending trendline that had formed after its July peak. This break had seen the price push toward $3.4 before
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