XRPUSDT (Ripple)

Following the recent rise in Bitcoin, Ripple, after concluding its sideways movement at the 0.6120 level, has formed a flag pattern, indicative of a bullish trend with non-trend positive pricing. Due to this sharp increase, Ripple’s risk premium has heightened. The support for the trend band is positioned at 1.9167, while additional support levels are at 2.5696 and 2.2292. In the event of upward movements, resistance is noted at the 2.8821 and 3.2225 levels. It is anticipated that upward momentum may continue in prices above the trend band, provided Bitcoin does not experience a correction.