Opinion: Ripple price may be about to move, USDT and BTC pairs both in consolidation phase

As reported by CryptoPotato, Ripple’s price has yet to show a clear upward or downward trend. Both the USDT and BTC pairs are in a consolidation phase, but things may be about to change. It is worth noting that the price of XRP has increased by approximately 8% in the past seven days, and it is worth exploring whether the bull market has returned. Technical analysis by TradingRage shows that the price has been trading around the $0.6 support level on the USDT pair chart on the daily time frame. The 200-day moving average is located near $0.57, which has recently pushed the price higher again. If the moving average holds, the price could rise to $0.7 in the coming weeks. A break above the $0.7 resistance zone could finally start a new bull run for XRP. Looking at the daily chart of the XRP/BTC pair, the price is still falling. The market is currently consolidating around the 800 SAT support area. If this level holds, XRP may finally break the long-term bearish trendline. This possible breakout could be the first sign of a new bull phase for XRP. However, with markets still consolidating, it's unclear whether this will materialize in the coming weeks.