Ripple sellers had difficulty trying to reduce the price below the critical level of $0.47 and the lower boundary of the triangle pattern.

However, a bearish breakout can cause a cascade, liquidating many long positions.

Recent data indicates that after sideways consolidation and the formation of an ascending flag, sellers have gained momentum, pushing XRP below the lower border of the flag.

This indicates a bear market, with sellers seeking to reduce the price to lower levels. Ripple is currently hovering around the critical support zone at $0.47. If sellers cross this important level, a significant decline is likely.