FxWirePro: Ripple trades lower, any break below $1.56 targets $1
RSI- Bullish divergence (Oversold -22). The pair shown a minor jump above 2 level and declined sharply from the minor high of 2.06. Ripple broken 1.60 level and near term major support is around 1.56 and any break below …
The pair shown a minor jump above 2 level and declined sharply from the minor high of 2.06. Ripple broken 1.60 level and near term major support is around 1.56 and any break below will drag the pair to next level till 1.1925 (233- 4H MA).
It is expected to take support at 1.20 (233- 4H MA and 55- day EMA ).
On the higher side, near term trend line resistance is around 1.9700 and pair should close above 2 level for further bullishness. Short term bullishness only above 2.50 level.
It is good to sell below 1.56 with SL around 1.75 for the TP of 1.200
