🪙💡Ripple has broken through the upper line of a downtrend channel. Therefore, a weaker price decline than originally expected is to be expected, or the beginning of a sideways development. The price chart has no resistance and suggests further price increase. In case of counter-reactions, the currency has support at around 0.54 points. The short-term momentum for the currency is strongly positive, with an RSI of over 70. This indicates increasing optimism among investors and further price increase for Ripple. Especially with large stocks, a high RSI can be a sign that the stock is overbought and there is a risk of a downward reaction. In the short term, the currency is generally considered technically positive.