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XRP Short

By YasenS
Updated
XRP is in the beginning of Wave 1 on the 1 HR chart. Furthermore, the RSI shows oversold levels, where historically it has marked the beginning of other waves 1.
Note
Furthermore, Wave C has either completed its 5 waves, or is currently forming wave 4, after which it should continue the downtrend.
Note
Another possibility: As we have an ascending symmetrical triangle, the price might form an ABCDE pattern before actually dropping.
Wave Analysis
YasenS

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