The calm before the storm? (Ripple price analysis)

The calm before the storm? (Ripple price analysis)
Rippleder Price found support for the significant gliding 200-day average at around $ 0.41, which led to a robust upward trend. Should it continue his upswing, Rippleda's next goal will be the resistance zone at $ 0.56, but what if the bears take control?
technical analysis
of Shayan
The daily chart
The analysis of the daily charts shows that after several weeks of rejection, the price has finally found support with the sliding 200-day average of $ 0.41, which initiates an upward trend. As a result, the latest rejection phase can be described as a medium -term consolidation correction phase, which is of crucial importance for a healthy upward rally.
This indicates that XRP could try to break the $ 0.56 mark. If the price manages to cross this critical area, it is likely that it will enter a long -term upward rally.
Tradingview
The 4-hour diagram
On the 4-hour chart, XRP initially fell to the static resistance range of $ 0.42, which matches the sliding 200-day average. However, the prize was supported and began to recover in the direction of the middle trend line of the channel.
There is a significant resistance area at $ 0.4675, which currently serves as a primary barrier in the 4-hour time frame. If the price exceeds this resistance, its next goal will be the upper limit of the channel, about $ 0.6.
Tradingview
.