One of the crypto assets most affected by the bearish trend in the crypto market was XRP. Rising after Ripple Labs’ SEC victory, XRP gave back all its gains in about a month.
Ripple returned from the SEC lawsuit with a partial victory. The court ruled that the sale of XRP on exchanges cannot be considered a security. Upon the decision, XRP tested $0.94 on July 13.
XRP returns to pre-SEC levels
The general trend in the crypto market has negatively affected XRP. The low volumes and low volatility in the market have increased the pressure on crypto assets like XRP. During this time, XRP lost its earnings after the model decision.
XRP is trading around $0.50 today. The crypto-asset has lost 14 percent last week and 30 percent in the last 30 days. Thus, XRP has regressed to the levels before the SEC decision today.
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