Ripple price is stuck between the $0.5 support and the $0.54 resistance, which is the 200-day moving average. This narrow movement suggests that the market is expecting new momentum. 📉
On the 4-hour chart, Ripple is seen to be stuck in a narrow area around $0.5, forming a descending wedge formation. If it breaks the upper limit of the wedge, which is $0.54, this could be a potential bullish signal. 📈