Could easily see this playing out over the near term.
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We recently broke out above the ascending channel we've been bull running with for XRP. Here's a view on the 30 minute timeframe. Seems to me that the top of the ascending channel now becomes support we'd bounce off of during any correction pullback in the short term, or as I like to call it, during the "lunch time lull."REFERENCE:
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Here's a closer in look on the 1 minute timeframe of same area with mockup of potential price action.REFERENCE:
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REFERENCE: 
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GREEN DAYS:6am-8am CST Hot Bull Trading (5%-15% Gain)
1045am-230pm CST Lunch Time Lull Pullback (5% Loss)
3pm-530pm CST Asian Market Wakeup (5%-10% Gain)
10pm-1130pm CST After Hours Run (5% Gain)
RED DAYS:
6am-8am CST Hot Dump on Your Chest Trading (5%-15% Loss)
1045am-230pm CST Lunch Time Lull Buying of Morning Dips (0%-5% Gain)
3pm-530pm CST Asian Market Wakeup Oh Fuck We Selling? (5%-10% Loss)
10pm-1130pm CST After Hours Is it Safe Yet Buying of Afternoon Dips (0%-5% Gain)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.