Ripple (XRP) price reached $0.60 after a strong rally. However, it entered a short consolidation phase. This could pave the way for the price to move towards the $0.64 resistance level. 📈

On the daily chart, increasing demand around the 100- and 200-day moving averages pushed the price to $0.60. Now, a short-term pause is taking place. If buyers break the $0.64 resistance, the uptrend could continue.

On the 4-hour chart, increasing buying interest at the Fibonacci retracement level of $0.52 pushed the price to the $0.62 resistance. If this level is broken, the price could target the $0.64 level. However, if it fails, the price could pull back to the $0.55 support area. 🚀