Ripple price is at an important support zone ranging from $0.58 to dynamic support provided by the upper border of the triangle. This critical support zone is expected to prevent further declines, setting the stage for a significant rebound in the medium term.

After careful analysis of the daily chart, it is clear that XRP has recently experienced a notable decline, eventually landing at a key support zone covering the $0.57 mark and reinforced by dynamic support from the upper border of the triangle.

However, XRP still faces the critical support zone at $0.57, and a successful break below this key support could potentially trigger an extended bearish trend towards the $0.55 support zone.