Holding out and riding the bottom of the wasn't good enough for the whales, they're crashing the price to .28 one last time before they swing the price up to $0.50-0.60. The .28 level is a weekly and has already been respected 3 times.
Starting from Mid-July after that big spike up, there has been downward momentum and that will carry until the next month. Please take a look at the Monthly charts for XRP, this is a month so we shouldn't expect any price movements up until September.
My prediction is that we break out of this downward trend by the end of August-early Sept. then price will skyrocket up to $0.40 in the same month.
I say this everytime, I almost sound like a broken record, $XRP isn't going anywhere and all the nay-sayers will be proven wrong in a few months.