Ripple sellers are having a hard time sinking the price below the critical $0.47 level and the lower border of a triangle. However, if a bear market breaks out, many long positions may be liquidated. 📉🐻💥

On the daily chart, it appears that Ripple sellers are attempting to breach a key support zone that has supported the asset since April. This critical zone includes the static support at $0.47 and the dynamic support of the lower border of the triangle.

On the 4-hour chart, recent price action shows that after a horizontal consolidation phase and a rising flag pattern formed, sellers gained momentum and pushed XRP below the lower boundary of the flag.

Ripple is currently floating around a critical support zone at $0.47. If sellers violate this critical sign, a major decline is likely. However, Ripple's future trend direction will depend on the price action near this critical support zone.

Do you think Ripple will be able to defend this pressure? We are waiting your comments! 💬👇🚀