The recent rise in the price of Ripple demonstrates a strong bullish momentum, but a short-term correction is expected due to the overbought condition of the market.

- On the daily chart, Ripple has risen by 158%, reaching $1.3, which coincides with the resistance level of November 2021.

- The RSI indicator points to overbought conditions, suggesting possible consolidation in the range of $0.9-$1.3.

- On the 4-hour chart, a pullback to the levels of $0.9-$1.0 is expected, with a possible correction down to $0.78.