Ripple's native token, XRP, has rebounded from the $1.7 support level, indicating renewed buying interest.The price is approaching a key resistance zone which, if broken, could trigger a bullish retracement towards the 100-day moving average at $2.5.XRP remains trapped between the 100-day and 200-day moving averages, suggesting a consolidation phase.On the 4-hour chart, Ripple has invalidated a bearish breakout, potentially paving the way for a rally towards the $2.5 resistance.