XRP price dropped and wiped out all its gains from Judge Torres' ruling that offered Ripple a partial victory in the lawsuit brought forward by the Securities and Exchange Commission (SEC). XRP is one of the only altcoins in the crypto ecosystem, after Bitcoin and Ethereum, to receive legal clarity in a lawsuit ruling. Whales have consistently shed their holdings of the token over the past two months, adding to the selling pressure on the asset. XRP price resumed its downward trend, and the asset is currently tethered to its 200-day Exponential Moving Average (EMA) at $0.5251. Whale accumulation is considered a typical bullish indicator.
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