Like other large-cap legacy altcoins, XRP is stuck in a rut and data suggests investors are content just to sit and watch.
Ripple’s (XRP) rallied 72% from Aug. 7 to Aug. 14 but since then, every attempt to break out of the descending channel has been quickly suppressed. The past ten days have been no different, with the XRP price correcting by 15%.The platform was first launched in 2012 and Ripple is a distributed open-source protocol and remittance system created by United States-based Ripple Labs. The company provides cross-border payment solutions through domestic partnerships or by offering RippleNet services.At one point, XRP price was trading above $2, but the ongoing multi-year lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) is one factor that has placed persistent downward pressure on both its price and investors’ appetites.The lawsuit began in December 2020 when the SEC alleged that CEO

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Źródło: https://cointelegraph.com/news/traders-sit-idly-by-as-ripple-xrp-price-struggles-to-avoid-a-drop-to-0-70