📉 XRP is in the red again!
- The price of XRP has fallen 10.75% since August 1st, including today's 6.75%.
- The postponed meeting between the SEC and Ripple left traders in the dark.
- The reduced likelihood of an interest rate cut in September is also putting pressure on the market.
- Ripple released 1 billion XRP from escrow, which increases supply in the market.
- Technical analysis shows bearish divergence, indicating possible further corrections.
Be careful!