**XRP Price Surge and Potential Correction: What to Know**

XRP has jumped 26.5% in the last 24 hours, hitting $1.95, its highest since April 2021. This rally is fueled by speculation that the NYDFS might approve Ripple's RLUSD stablecoin soon.

However, caution is advised as indicators suggest a possible 20% price correction. XRP has hit the resistance level of its ascending channel, and its RSI is in overbought territory, hinting at buyer fatigue.

Additionally, large XRP holders, or "whales," are selling at these highs, and increased leverage in the derivatives market could trigger long liquidations, potentially accelerating price drops.