Ripple whales make a comeback as XRP recovers. Assessing…

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Ripple whales make a comeback as XRP recovers. Assessing…
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Ripple's legal debate continues as whales accumulate, supporting XRP's upward trend in value amid ongoing market correction.

has been going through a consistent downtrend in its price since 20 July, with only a brief respite observed on 23 July. It has suffered a decline of over 6% and is trading at approximately $0.69.

The overall cryptocurrency market was also experiencing a slump in prices as of this writing. However, the specific case of XRP could be attributed to a price correction.After a significant price spike, XRP remained in the overbought zone for a considerable period before dropping to around 55 as of this writing. This indicated a weakening bull trend, coinciding with the recent downtrend in price.

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