• The consolidation phase has been broken by the price of (XRP).
• The remittance token has been hovering at multiple support levels since the breakout of consolidation.
• XRP’s price faces a decisive point at the moment as a descending triangle has formed on the 4-hour chart.

Ripple (XRP), has entered a new consolidation phase. Although the breach was not severe, it did not cause volatility. Following the breach out of the consolidation phase, the remittance token is hovering above multiple support levels, making it more difficult for XRP’s price to move further down.

XRP’s price faces a decisive point at the moment as it has set up four equal lows and five lower highs since May 13. A descending triangle is formed by connecting these trend lines and swing points.

The technical structure predicts that the price will fall by 13% to $0.345. It is calculated by measuring distance from the swing high to swing low and the breakout point of $0.398.

Ripple crossed the lower trendline on May 26, which led to a bearish swing of $0.375 The lack of volatility…

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