Ripple Price Drops Below Key Support as XRP Faces Ongoing Bearish Trend Ahead of Swell Conference

Ripple (XRP) price has been decreasing since July and recently dropped below $0.53 support level.

Job posting has sparked speculation that Ripple may be planning an Initial Public Offering (IPO).

Ripple's Swell conference coming up on November 8-9.

Technical analysis shows XRP price in ongoing downward trend based on RSI indicator.

If bearish trend continues, XRP could potentially drop another 20% to around $0.40.