🔹 Asset: XRP/USDT

🔹 Timeframe: 1 hour

🔹 Expiry time: 12 hours

📊 Forecast: Possible correction to $2.30-$2.40 with potential recovery to $2.60+

🔍 Chart analysis:

On the hourly chart, XRP is in an uptrend with a recent local high near $2.51. However, the RSI indicator has approached the overbought zone, which may indicate a possible short-term correction. Trading volumes remain high, but with signs of decline, which also supports a correction scenario.

📉 Technical Signals:

RSI exceeds 70, indicating possible overbought

Potential Support Levels: $2.30 and $2.40

Resistance at $2.60, breaking which could open the way to $2.80

📰 XRP News:

The rise in the XRP price is associated with expectations of approval of a spot ETF on XRP in the US. Grayscale has filed an application to launch such an ETF, which has increased investor interest in the asset. In addition, Ripple CEO Brad Garlinghouse expressed confidence in the inclusion of XRP in the US strategic reserve, which also supports positive sentiment in the market.

📌 Summary:

Given the technical indicators and the news background, a short-term correction to the levels of $2.30-$2.40 is expected, after which a resumption of growth to $2.60 and above is possible. Investors should closely monitor the support and resistance levels to make informed trading decisions.

🔻 Recommendation:

Consider opening long positions in the $2.30–$2.40 zone with a target of $2.60, setting a stop loss below $2.20.