Until this occurs, investors need to be cautious with XRP price

Conclusion

The price of XRP has broken below a falling triangle, sparking a 13 percent decline.
Despite the bulls' struggle, technical analysis suggests a retest of the $0.345 barrier is imminent.
If Ripple sets a higher high over $0.455, the bearish view will be invalidated.

XRP price confronts a key moment

Since May 13, the XRP price has been consolidating, establishing four equal lows and five lower lows. Using trend lines to connect these swing points results in a descending triangle.

By measuring the distance from the first swing high and swing low to the breakout point at $0.398 this technical formation projects a 13 percent downswing to $0.345.

XRP price

On May 26, Ripple violated the lower trend line, triggering a bearish move to 0.375, where it established a new low.

However, due to Bitcoin's lack of volatility, the majority of the altcoin market has similarly had minimal profits. Bears must therefore maintain control and prevent bullish momentum from seizing control of the XRP price.

If the comeback of volatility favors bears, the coiling will result in a catastrophic market catastrophe. Therefore, investors must exercise caution and avoid becoming entangled in the incorrect direction.

Nonetheless, if volatility fails to materialize, market participants can anticipate the XRP price to continue falling and retest the $0.371 support level. If bearish pressure continues to increase, Ripple may reach its target of $0.345

Alternatively, if volatility favoring bulls returns, there is a significant probability that the XRP price will experience a reversal rally. In such a scenario, Ripple will see resistance near the triangle's base at $0.398.

The negative thesis will be invalidated if the XRP price closes above $0.455 on a four-hour candlestick. This action would establish a higher high, tilt the odds in favor of the bulls, and maybe start a run-up to $0.488.