Ripple (XRP) price has entered a sideways consolidation phase after a significant downtrend, and market participants are unsure of its future trajectory. However, the cryptocurrency is likely to remain in a tight range until a breakout occurs in either direction. 📉📈

Examining the daily chart, Ripple's market activity has decreased and the price has undergone sideways consolidation characterized by extremely low volatility after experiencing a significant decline from the $0.75 threshold. Despite this, the price has found significant support in a significant price range, illustrated by the static zone at $0.58 and the dynamic support at the lower border of the triangle. This shows that buyers are prevailing at this critical level.

Still, Ripple's price seems stuck between the $0.66 and $0.58 region in the medium term until a breakout occurs. Examining the 4-hour chart shows Ripple's indecisive price action following a significant decline around the $0.74 region. However, XRP found support in the critical $0.56 region and entered a sideways consolidation phase.

Still, Ripple's price is expected to remain stuck between the important $0.57 support zone and the important $0.66 resistance level. This indicates the possibility of prolonged consolidation within this turning point range until a breakout occurs. A breach above the $0.66 threshold could lead to an increase towards the $0.74 resistance level as the next focal point for Ripple's price trajectory.

#FET #Memecoins #APT