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Ripple has been facing a prolonged period of low market activity, leading to sideways movement and minimal volatility near the $3.2 level.
Meanwhile, price action has formed an ascending wedge, a pattern often associated with bearish reversals if the lower boundary is breached. Additionally, a bearish divergence between the price and the RSI indicator suggests that bullish momentum is fading, signaling the possibility of a pullback. XRP is attempting to reclaim this level for the second time, with buyers aiming for a breakout toward $4. However, the current bullish momentum appears insufficient, increasing the likelihood of a temporary retracement before another attempt at higher prices.
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