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Ripple: Ascending Channel

XRP/USD, 1 hour    SHORT Apr 17
An ascending channel is close to being done and the price demands a bigger correction as a verification of a breakout. If price breaks down, the move could signal a bearish price action. It is likely that a bearish price action to 0.516 will take place on impulse below 0.518 as XRP/USD becomes weak.
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