Once the Ripple project token price fell out of the ascending triangle pattern, it continued to fall on the daily chart. At its present price base, the altcoin is approaching the $0.47 support level.
At this time, the Ichimoku Cloud indicator is showing that XRP is likely to have a negative future. Support and resistance levels, trend direction, momentum, and trading signals are all highlighted by this all-inclusive indicator. The altcoin is receiving bad news as it has risen above the candles.
This means XRP has the potential to drop below $0.44 if it breaks through this support level.
If XRP wants to keep from falling, it needs to remain in the sideways trend. A channel between $0.47 and $0.51 might be a good place for the altcoin to consolidate.
