Ripple's price has fallen below the key support area, and a medium-term downward trend may occur

According to CryptoPotato, Ripple has recently faced increased selling pressure, breaking through a key support area including the lower boundary of a wedge pattern and the 100-day and 200-day moving averages. However, there has been a recent successful pullback that confirms the validity of the breakout. The daily chart shows a significant decline in Ripple's price, breaking through a months-long consolidation range. This triggered a large number of sell-stop orders, increasing selling pressure and pushing the price below the key support area.

Nevertheless, this cryptocurrency found support at $0.499 and returned to the breached level, completing a pullback. This successful pullback indicates that the breakout is valid and suggests a potential downward trend in the medium term with a target at an important support area of $0.48.