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XRP Intriguing Intraday: Slow Moves Ahead or Breakout to $0.55?

BYBIT:XRPUSDT.P   XRPUSDT Perpetual Contract
The intraday chart is slow and choppy.

1. A downward move to $0.5044, followed by bullish rejection, could propel XRP's price back to $0.5276, however price action is likely to be sluggish and choppy.

2. A bullish momentum and a breakout above $0.5276 will lead XRP to $0.5549.

3. Conversely, a dip below $0.5276 may intensify bearish sentiment towards $0.4770.

More details in the signature!

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