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- Major Support -0.6200.
- Ripple is continuing its weakness for the past 9 days after hitting high 1.0860 level. The pair has broken major support 0.6700 and declined at 0.53670 and is currently trading around 0.64816.
- The pair has shown a good recovery and jumped till 0.68639.Any break above 0.8500 confirms minor bullishness, a jump till 1/1.0275/1.1165 (50- day MA)/1.2000 is possible. Any close above 1.2280 will take the pair to next level till 1.40600/1.5000. Short term bullishness only above 2.25 level.
- The near term support is around 0.6500 and any break below will drag the pair down till targets 0.6000. Major support at 0.490 (233-day MA) is last hopes for bulls. Any violation below will drag the pair till 0.25/0.15 level. The near term support is around 0.87/0.61.
It is good to buy on dips around 0.6000 with SL around 0.500 for the TP of 0.85/1.
