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XRP had a notable breakout on November 13 from the ascending triangle pattern formed on the daily chart. Now, the digital asset is facing some selling pressure from a sell signal.
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On the hour chart the TD Sequential indicator has presented a sell signal which has often led XRP price to retrace significantly over the next few days. In addition to the signal, the RSI is also overextended, adding even more selling pressure.
The MACD is not only bullish but gaining strength, indicating that bulls still have more fuel. Several indicators show XRP could be on the verge of a correction in the short-term.
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