After a strong bullish rebound, Ripple price has risen to $0.60. There is now a short-term consolidation, which may lead to further growth towards significant resistance at $0.64. 📈
On the daily chart, demand has increased around the 100-day ($0.53) and 200-day ($0.55) moving averages, which has led to a sharp increase in price. However, if sellers regain control, the price may roll back to $0.55.
On the 4-hour chart, buying interest has increased at the 0.5 Fibonacci level ($0.52), which has caused a bullish reversal. If the price breaks through $0.62, the trend will continue towards $0.64. Otherwise, a rollback to $0.55 is possible. 🚀