![](https://public.bnbstatic.com/image/pgc/202306/38e83ece99fb3f5a5d94fee9d08585c6.jpg)
$XRP is strengthening. The coin is setting up for a possible renewal of the global high, but at the same time, there are no prerequisites for a price exit from the channel right now.
The price is testing the moving averages. After a false breakout or touch, there is a strong bullish reaction.
XRP continues to recover. A "Flag" pattern is forming on H1. There is a possibility of further growth![](https://public.bnbstatic.com/image/pgc/202306/4c0d4701dbe8d0a4a4aa8e8b7d8a9f90.jpg)
The price obtains a local uptrend line support, which is contiguous with the SMA-200, which only strengthens the line. Consolidation between the levels 0.5078-0.5590 is forming. In the near future the price may test the resistance.
![](https://public.bnbstatic.com/image/pgc/202306/48b2314e59a16dacf4ca9295e08eeaff.jpg)
Strong support: 0.5078, moving averages
Strong resistance: 0.5590, channel resistance.
Weekly timeframe shows that the price overcame the strong resistance and the realization of the accumulated liquidity is expected in the nearest future. I stick to the opinion, that we will go up to 0.5590 and to the channel resistance.
Regards R. Linda!