Likely scenario for XRP - possibly retesting $0.40

The current chart pattern is very similar to that of mid-2017. This could be a likely scenario for the next few days.

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XRPUSD quick bearish movement is well expected before the bigger buyers appear. You'd want to keep an eye on the Stochastic oscillator to recognize when the bigger buyers are entering. We should witness the first institutional buys within the next two months (maybe earlier).

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XRP showing the old habits. Late-early 2017 pattern is repeating itself.