XRPUSDT: False Rising Channel Breakout

Dear traders, after failing to break the strong resistance level, XRP has started to retrace, falsely breaking out of the uptrend channel. This occurrence usually determines our medium-term outlook.

Currently, the short-term support level of 0.5200 is being tested, and if it fails to hold, there is a high probability that the price will continue to decline further towards 0.4885 and further to 0.4183.

Good luck to all traders!
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