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.
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Furthermore, Wave C has either completed its 5 waves, or is currently forming wave 4, after which it should continue the downtrend.
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Another possibility: As we have an ascending symmetrical triangle, the price might form an ABCDE pattern before actually dropping.