I think panic selling will continue that will result in dumps untill major whales with extra holdings or people that just dont care are left and obviously there will be hardcore supporters that would keep holding in hopes of recovery and everything back to normal.
Well if things goes south with SEC doesn't matter how many hardcore supporter out there XRP gonna dumped to oblivion, even the most hardcore XRP supporters are seeking profit and if XRP got its death sentence its mean the end of XRP.
Sadly though, most of people who have no clue about this news thinks it's the best time for buying XRP. well, if ripple could overcome this situation it might be is but I don't think we ever gonna see its normal price anytime soon.