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XRPAUD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.

XRPAUD is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of XRPAUD to test 0.4131 within the next 5 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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