XRP Price Stuck In Tiny Trading Range: Consolidation Phase Continues

XRP price is struggling to start a steady increase above $0.50. The price must settle above $0.50 and $0.510 to gain bullish momentum in the near term.XRP price started a minor upward move from the $0.4765 zone.
The price is now trading above $0.4850 and the 100-hourly Simple Moving Average.
There is a short-term rising channel forming with resistance at $0.500 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a decent increase if it clears the $0.50 and $0.