Ripple price is fluctuating around the critical support level at $0.47, experiencing minor volatility and sideways moves. This price range continues to support XRP, indicating significant demand and increasing the likelihood of a medium-term bullish reversal. 📈😉

The daily chart shows Ripple consolidating in a sideways triangle pattern, signaling a balance between buying and selling pressures and uncertainty about the overall trend direction. The price has reached the lower bound of this pattern at $0.47, where sellers are having a hard time breaking this critical threshold.

This range has been solid support since May 2023, highlighting continued demand and buying pressure. Therefore, a bullish reversal seems likely in the medium term. However, a sudden break below this critical support could lead to a sharp decline in the short term. 😱

On the 4-hour chart, Ripple is exhibiting uncertain price action and sideways movement around the critical support range at $0.47. The price fell to the lower trend line of the pattern and the key $0.47 support area.

If sellers manage to break through this level, a significant and rapid decline is expected. However, the MACD indicator recently turned green, indicating a potential bullish reversal. This signal, combined with current demand near this critical support, indicates increasing buying pressure and the possibility of a medium-term bullish reversal. 🚀

What do you think the Ripple price will be? We are waiting your comments! 💬👇