FxWirePro: XRP/USD downside capped by 233- day MA, good to buy on dips

• Major support 0.4900 (233- day MA).
   
• Ripple declined once again after a slight recovery above 1 level. The pair jumped till 1.0270 on Friday and has broken previous low of 0.6300. It has declined till 0.5700 and is currently trading around 0.6132.
   
• 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 buried. The pair’s major resistance is around 1.0385 (daily Kijun-Sen) and any violation above confirms very minor chance for bulls to make profit. Above that level jump till 1.2340 (20- day MA). Minor bullishness can be seen above 1.50 (50- day MA) level. 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.
   
• In the daily chart CCI (20) is showing good bullish divergence and RSI also in over sold territory. So a jump till 1.2690 /1.600 level likely.

It is good to buy on dips around 0.650-0.690 with SL around 0.49 for the TP of 1/1.26/1.41.