The analysis of the daily chart for XRP shows that the price of Ripple is currently stuck in a consolidation phase, with a notable support level at $0.47 and a crucial resistance level at $0.55. This has resulted in the formation of a sideways triangle pattern. The upper limit of this range is in line with the 100-day and 200-day moving averages, making it a significant level of supply and continuing to pose as strong resistance. For the latest technology news, visit NEWSLINKER.
