The cryptocurrency market has been experiencing a period of consolidation recently, led by bearish forces. While Bitcoin struggles to stay above $70,000, other altcoins like Ripple (XRP) are also facing challenges in maintaining an upward trajectory.

Over the past month, Ripple's price has remained relatively stable, unable to break past the $0.65 mark. However, the overall long-term trend is bullish, with consistent higher highs and lows on the weekly chart. This indicates that the bulls are still in control and the trend may continue for the foreseeable future.

XRP's price is currently following an upward trend line that has served as a strong support level. The Relative Strength Index (RSI) suggests a balance between bulls and bears, while trading volume remains average, indicating growing interest from traders. The consolidation pattern is likely to persist until the price hits $0.9, with a bearish target of around $0.55 for April.

On the daily chart, a minor pullback may be expected, but the overall Gaussian channel remains bullish, offering hope for a healthy upward movement. Additionally, the MACD is on the verge of a buy signal, which could push the price above $0.65 initially, and potentially even reach $0.7 if the bulls show strength. The upcoming Bitcoin halving event is also anticipated to have a positive impact on the crypto market as a whole.