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$XRP. "The bearish option has a decent chance of breaking down under the range at this point... a move towards the low at $1.60." We just hit a new low today near $1.71, with a daily bullish RSI divergence. The move down from Jan high near $2.40 appears impulsive, and we may be nearing the end of five waves. This, along with the bullish divergence has a watch out for a significant low. However, the trend is still clearly down, so until we see an impulse up, the dominant trend must be respected.











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