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- Major Intraday resistance -0.5200
- Ripple is consolidating in narrow range between 0.4580 and 0.51195 for the past three trading session. The pair hits low of 0.4850 yesterday and is trading around 0.49014. The pair formed almost a double bottom around 0.4500.
- Any break above 0.5200 confirms minor intraday bullishness, a jump till 0.5500/0.6100/0.6750.Any close above 0.7250 will take the pair to next level till 0.800/0.8400. Short term bullishness only above 1.08600 level.
- The near term support is around 0.4500 and any break below will drag the pair down till targets 0.3800/0.3000.
It is good to buy on dips around 0.4800 with SL around 0.4500 for the TP of 0.6150/0.7000.
