XRP price has been stumped on the daily chart for the past three days after noting a 14% rally in a week. The altcoin is testing a key support level,
XRP price has seen sideways action for the past three days, but indicators suggest the bullishness is waning. Ripple whales have been selling for the past month, dumping nearly $55.2 million worth of XRP. US SEC is seeking $770 million to settle the lawsuit against Ripple. and by the look of the indicators, a bearish turnout is not out of the realm of possibility.
During a recent discussion with CryptoLaw, Deaton stated that there is a chance that the SEC could resort to settlement. This was followed by him suggesting that for the same, the regulator could demand about $770 million as the settlement amount. Although this is far from a done deal, a settlement could prevent a decline in XRP price. XRP price to see red XRP price is trading at $0.550 at the time of writing after posting sideways candlesticks for the past three days.
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