According to CryptoPotato, Ripple’s recent price action has been relatively dull, mainly characterized by a period of calm sideways movement. However, XRP price is approaching important support areas marked by the 100- and 200-day moving averages, which increases expectations of a minor bullish reversal in the medium term. Analyst Shayan analyzed Ripple’s price. After taking a closer look at the daily chart, it is evident that after the recent sharp decline, the price has stabilized around the key support area containing the 100-day and 200-day moving averages, currently located at $0.58. This critical range assumes considerable importance as significant demand accumulation is observed around this level. Therefore, the price is expected to witness sideways movement near this key level in the short term, ultimately pushing it towards the key resistance at $0.66. Ripple’s long-term trajectory appears to be consolidating within a decisive range, with $0.7 acting as key resistance and $0.58 acting as significant support until a breakout occurs.