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- Major support 0.4900 (233- day MA).
- Ripple has shown a minor jump after hitting low of 0.5700 level. The pair jumped till 0.7950 at the time of writing. It is currently trading around 0.79080.
- Last hopes for bull’s to come back into action is 0.4900 level. Any violation below confirms death of ripple and it can be decline further sharply. The pair’s major resistance is around 0.9050 (55- 4H EMA) and any violation above will take the pair till 1.0270/1.0870 (100- 4H MA). Short term bullishness can be seen above 1.72-1.75. Short term bullishness only above 2.25.
- The support is at 0.490 major last one for bulls. Any violation below will drag the pair till 0.25/0.15 level.
It is good to buy on dips around 0.760 with SL around 0.67 for the TP of 1/1.0270.
