XRP has traded sideways for the last few days, with its lack of meaningful upside action allowing Polkadot (DOT) to overtake it as the fourth-largest cryptocurrency by market cap. Ripple's underperformance since the SEC filed a lawsuit against the company and its top executives meant that it was always likely that its position would be taken by top performers like DOT. However, Ripple may be back in the top three if its price breaks out of consolidation and moves towards retesting the 50-day simple moving average on the daily chart. If this happens, XRP could then rally to new year-to-date highs. At the time of writing, Ripple's native token is up by 3.2% and is trading around $0.28. The technical outlook for XRP also suggests a potential buy signal on the daily chart. If the signal flashes in the form of a red nine candlestick in the next session, an influx of buyers on surging volumes will likely propel XRP/USD higher. That means breaking above $0.36 has the prospect of catalysing further upside action. If this happens, XRP could retest resistance at the 50-day SMA ($0.40). The flipside of the above bullish picture will be a dip to initial support at $0.25. if bearish pressure increases around these price levels, it could mean a further retreat to the long term support zone near $0.20.