XRP has seen a significant rally, breaking through resistance levels and gaining momentum. However, indicators show signs of overextension, suggesting a short-term correction or consolidation phase may be approaching. The RSI is at an extremely high level, historically indicating a period of consolidation or correction. The $1.80-$2 range is now critical support, and a pullback to these levels would be a healthy correction for the broader uptrend. In the 4-hour chart, XRP has a bullish structure but shows a bearish divergence in the RSI, suggesting waning momentum. Long positions in the futures market are increasingly crowded, further supporting the likelihood of short-term corrective action. A pullback to the $2.40-$2.50 region could present a buying opportunity. While Ripple's mid-term outlook remains bullish, a period of consolidation or correction would allow for healthier and more sustainable growth in the future.



Other News from Today