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- Major support 0.4900 (233- day MA).
- Ripple is consolidating after hitting low of 0.56270 level. The pair jumped till 0.8250 yesterday and is currently trading around 0.75570.
- 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 0.8820 (55- 4H EMA) and any violation above will take the pair till 0.9800 (trend line joining 1.74 and 1.3890)/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 0.700 with SL around 0.57 for the TP of 1/1.0270.
