Ripple's recent price movements suggest a possible change in momentum, as observed on the daily chart. After a pullback to the 200-day moving average at $0.54, the price surged towards the crucial $0.64 resistance level. This resistance level coincides with a previous significant swing high, posing a substantial challenge for buyers.

If the bulls can overcome this resistance, Ripple may continue its upward trend towards the yearly high of $0.7440. However, the presence of supply near this resistance level and a slight bearish divergence between the price and the RSI indicator suggest a possible temporary correction. This could lead to price consolidation within the $0.55-$0.64 range.

On the 4-hour chart, Ripple's bullish momentum encountered selling pressure at the $0.64 resistance, resulting in upward consolidation and the formation of an ascending wedge pattern. The price is now at the narrowest range of this pattern, indicating an imminent breakout. Despite this, the bearish divergence between the price and the RSI indicator on the 4-hour timeframe and potential supply near $0.64 suggest a slight rejection followed by short-term consolidation.

If the price breaks below the wedge's lower boundary, it could drop towards the $0.55 threshold. In a more extended corrective phase, potential targets for Ripple include the 0.5 ($0.5) and 0.618 ($0.47) Fibonacci levels. These levels could provide support and potentially trigger a rebound.

Ripple's price action indicates a potential momentum shift, with both bullish and bearish scenarios possible. The outcome will depend on the ability of buyers to overcome the $0.64 resistance level and the presence of supply near this level. A breakout above or below the ascending wedge pattern will likely determine the short-term direction of the price.