Ripple's price has surged significantly after finding support at the 100-day moving average of $0.497 and is now approaching a crucial resistance level of $0.85, indicating a positive outlook for Ripple's medium-term prospects.

The daily chart shows that the XRP price faces a strong resistance zone at $0.85, characterized by high selling pressure and increased supply, but the bullish sentiment among traders increases the likelihood of a breakthrough above the resistance region.

However, the price is expected to enter a short-term correction phase before the next significant upward movement occurs. On the 4-hour chart, the price has successfully broken above the upper edge of a channel, but a pullback to the broken level should occur for a valid breakout confirmation.