XRP's price recently received a boost after trading within the range of $0.46 to $0.50, leading to increased buying interest and a positive bounce back. However, the current trend shows a retracement towards the broken trendline and the 100 and 200-day moving averages, suggesting a possible pullback.

In terms of technical analysis, examining the daily chart shows that buyers have regained control after consolidating near $0.45, leading to a bullish rebound. Despite this positive movement, XRP faces strong resistance at two key levels: the former ascending trendline at $0.55 and the 100 and 200-day moving averages near $0.59. If XRP manages to continue its upward momentum towards these resistance levels, it could potentially indicate the end of the pullback, with a possibility of a retracement back to the support zone at $0.45.

Looking at the 4-hour chart, after a significant drop, Ripple found stability around $0.50 followed by a period of sideways consolidation. The price then surged towards a critical resistance region between the 0.5 ($0.5310) and 0.618 ($0.5574) Fibonacci levels. If XRP faces selling pressure in this area, it may continue the bearish trend, targeting the $0.50 threshold. Conversely, breaking through this resistance could set Ripple's sights on the key resistance level at $0.58.