As August 31 approached and the investigation phase ended during the U.S. Stock Exchange Commission's lawsuit against Ripple, XRP prices dropped.
Price has actually gone up leading to the deadline date. The drop you're seeing is probably a result of a normal correction. I think the reason the XRP army seems positive with this news is the presumption that the SEC doesn't have enough evidence against Ripple so they want to dig more.
Yes, considering that this is a correction, it is very reasonable because a few days ago XRP has increased very drastically and it's not impossible after this correction is complete, XRP will start their bullish trend again in a bigger direction because considering that there are quite a lot of enthusiasts for this coin now, especially with the case nearing the end and when I saw the article that op included I was very confident that ripple would win the trial again this time considering the evidence presented by the SEC was not very sufficient