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XRP is trading rangebound inside a very tight range, with resistance on the upside at $0.98669 and support on the downside at $0.85.

If the bears break below this tight range, a fall to $0.72 is likely. If the bulls break out of the range, a move towards the 50-day SMA is likely.
(citing Rakesh Upadhyay here)

I've noticed 16 hours ago the formation of this pattern but I'm no expert. any ideas on that?
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