Before you panic - check out the patterns in the chart

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XRP at the daily timeframe.

The RSI is almost oversold, the last 5 times when price went oversold and was at around the 30 level, we saw a huge rally.

If we take the average of the last 5 times when the RSI was this oversold, then we could see a price rice of 90%. Strangely we are then exactly back at resistance of the channel.

Oversold + at support levels makes buyers to step in the game.

Will this time be different?

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