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Ripple: Ascending Channel

XRP/USD, 1 hour    SHORT Jun 10
An ascending channel is identified and XRP/USD needs a next bigger move as a verification of a breakout. An ascending channel identifies a technical chart pattern that can be used to spot prices are likely to keep falling downward in case if price breaks out to the the downside. XRP/USD looks for a setback to the 0.494 mark as XRP/USD becomes under pressure.
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