XRP price risks 30% decline despite Ripple’s legal win prospects

Ripple (XRP) price was wobbling between profits and losses on Sept. 19 despite hopes that Ripple would eventually win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC).

The pair dropped by over 1% to $0.35 while forming extremely sharp bullish and bearish wicks on its Sept. 19 daily candlestick. In other words, its intraday performance hinted at a growing bias conflict among traders.

XRP/USD daily price chart. Source: TradingViewXRP/USD and daily correlation coefficient. Source: TradingViewXRP/USD daily price chart featuring head-and-shoulders setup. Source: TradingView

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