Major resistance – 1.2280. Ripple has declined slightly after hitting high 1.0850 level. The pair has closed well below 100- day MA for five trading session. It is currently trading around 0.90649. The pair is trading we…
Ripple has declined slightly after hitting high 1.0850 level. The pair has closed well below 100- day MA for five trading session. It is currently trading around 0.90649.
The pair is trading weak for past three trading session after hitting high of 1.0850 level on Mar 5th 2018. Any close above 1.0986 (100- day MA) confirms minor bullishness, a jump till 1.1580 (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 0.8600 and any break below will drag the pair down till 0.8000.Any violation below 0.8000 targets 0.6700/0.6100. 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 sell on rallies around 0.9500 with SL around 1 for the TP of 0.80/0.67.
