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- XRPUSD formed a temporary top around 0.9649 and started to decline from that level. The pair downside capped by 200- day MA. Ripple has shown a dip below 200- day MA till 0.7800 and jumped almost more than 17% from that level. It is currently trading around 0.9090.
- The pair hits trend line resistance 0.92500 and shown a minor selling from that level. Any further bullishness can be seen only above 0.92500. Any break above 0.92500 will take the ripple till 0.9649 (Apr 24th 2018 high)/$1/$1.08. But trading volumes are very less and any daily close above 0.92500 only confirm major bullishness.
- On the lowerside, any daily close below 0.800 (200- day MA) confirms further bearish continuation, a decline till 0.700/0.600 is possible. Overall bullish invalidation only below 0.45.
It is good to buy above 0.9250 with SL around 0.8700 for the TP of $1/$1.080.
