UPS Provident XRP Beyond

XRP traders can capitalize on this pattern’s break for near-term profits

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XRP has been steadily declining over the last three months after plunging below the $0.795-level. The buyers have not been able to inflict a trend-altering rally beyond the bonds of its 20 EMA (red) yet.A rebound from the immediate two-month trendline support (white, dashed) can provide near-term recovery chances.

the sellers would strive to potentially curb the bullish volatile move and provoke a squeeze phase near the $0.3-zone. At press time, XRP traded at $0.3267, up by 6.23% in the last 24 hours.Source: TradingView, XRP/USDTThe long-term bearish rally formed a two-month resistance that recently turned into support (white, dashed) on the daily timeframe.

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