Ripple (XRP) has recovered somewhat from its low around $0.55 and is currently in a consolidation phase for a potential move. Possibly today.
We are forming a symmetrical triangle on the 4H chart. The odds of us breaking out to the upside and down are relatively equal. Therefore, we should first wait for a confirmed breakout.
The trading volume is clearly falling. Initial resistance to the upside is around $0.70. On the downside, we must not break the last low, otherwise we would have another lower low and the downtrend would continue.
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