It stacks up to 5 times, but it also means you are taking 25% more damage as well.
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Thanks! And thanks for the reminder about the damage intake as well. I only plan on wearing a full set for something like riven. I was just in disagreement with someone once who said the armor mod didn't stack. I was trying to get a newer player to use a whole set of revere dawn armor but on of the people on the raid fireteam disagreed and said he only needed 1 piece with the rivens curse. I knew he was wrong. I just need to know for sure from other more experienced players.