According to CryptoPotato, Ripple's price has not shown a significant move in either direction. Both the USDT and BTC pairs have been in a consolidation phase. However, it's worth noting that XRP increased by around 8% in the past seven days, which could indicate that the bulls are returning.
On the daily timeframe USDT pair, the price has been moving rangebound around the $0.6 support level. The 200-day moving average, located around the $0.57 mark, has recently pushed the price higher once more. If the moving average holds, the price will likely rise toward $0.7 in the coming weeks. A breakout above the $0.7 resistance zone could finally begin a new bull market for XRP.
Looking at the daily chart of the XRP/BTC pair, the price is still trending lower. The market is currently consolidating around the 800 SAT support zone. If the level holds, XRP could finally break the long-term bearish trendline to the upside. This potential breakout could be the first hint at a new bullish phase for XRP. However, with the market still consolidating, it is not clear whether this scenario will materialize in the following weeks.