Ripple Price Faces Downside Risks as Network Dumps More XRP Supply
• Ripple price faces threat as network dumps 46M XRP from reserves, adding to supply and overhead pressure • Validators show support for recent XRP Ledger update and amendments like AMM to improve transparency • With bearish technical indicators, XRP price risks 5% drop to retest support around $0.50 • Invalidation of bearish view requires close above $0.60, but upside currently limited • Increased XRP supply and distribution remains a downside risk for prices in near term