According to CryptoPotato, Ripple’s price has recently entered a sideways consolidation phase after experiencing a significant decline, leaving market participants uncertain about its future direction. However, the cryptocurrency appears likely to remain consolidating within a tight range until a breakout occurs. The daily chart shows that Ripple’s market activity has subsided, with the price experiencing sideways movement with very low volatility after falling significantly from the $0.75 threshold. Nonetheless, the price has found considerable support within the key price range, as shown by the static area of ​​$0.58 and dynamic support at the lower border of the triangle. This shows that buyers are in control near this key level. However, Ripple price seems to be stuck between the $0.66 and $0.58 areas and is likely to stay that way in the medium term until a breakout occurs. The 4-hour chart shows that Ripple’s price action has become indecisive after a significant decline near the $0.74 area. However, XRP found support at the key $0.56 area and entered a sideways trading phase. Nonetheless, Ripple price is expected to remain consolidating between the significant support area of ​​$0.57 and significant resistance level of $0.66, suggesting that a longer period of consolidation in this key range is likely until a breakout occurs. If the price crosses the $0.66 threshold, it is likely to pave the way for a rise in Ripple price towards the $0.74 resistance level.