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- Ripple is consolidating after hitting high of 0.9367 on Apr 20th 2018. The pair has jumped almost 46% previous week. Overall trend is bullishness as long as support 0.4500 holds. Any further weakness only below that level. It is currently trading around 0.87220.
- Any close above 0.9220 (100- day MA) confirms minor bullishness, a jump till $1/1.08600. Short term bullishness only above 1.08600 level.
- The near term support is around 0.8000 and any break below will drag the pair down till targets 0.7600/0.6290 (20- day MA)/0.600/0.5500.
It is good to buy on dips around 0.8000 with SL around 0.7450 for the TP of 1/1.0860.
