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Ripple: Descending Channel

XRP/USD, 1 hour    LONG Jun 2
We can see that the price forms a descending channel, XRP/USD asks for a next impulse up to confirm descending channel breakout. A descending channel is a reliable pattern that can be used to indicate a break during a downtrending market in case if price breaks out to the the upside. A further bullish move towards the 0.52 zone is possible on a upside break as outlook for the cryptocurrency stays positive.
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