The Daily Chart :-
Upon a close examination of the daily chart, Ripple’s price trajectory reveals a gradual decline, resulting in its arrival at a crucial support area.
This support zone encompasses the static level of $0.5 and the lower boundary of a multi-month triangle pattern. Given Ripple’s current low volatility and lack of momentum, the most likely scenario in the short term is a period of sideways consolidation before the next directional move.
However, an eventual bullish rebound is anticipated for #XRP, leading to a retracement towards the previously breached 200-day moving average. Consequently, traders should closely monitor Ripple’s price action around these critical levels, as heightened volatility may manifest in the days ahead.
