Ripple has recently gained strong upward momentum by breaking the $2 level and is approaching an all-time high of $3.4 🚀. However, selling pressure may increase in this area and the price is likely to enter a consolidation period. The RSI indicator is indicating overbought conditions, which suggests a pause in the $2–$3.4 range.

On the 4-hour chart, XRP, which faced strong resistance at $3, has retreated with selling activity. This could indicate a short-term correction process. While the $2 level acts as a critical support, Ripple is expected to regain upward momentum and attempt to break out of the $3 resistance 📈.