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 0.6750. The pa…
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 0.6750.
The pair has shown a good recovery and jumped till 0.72512.Any break above 0.7250 (10- day MA) confirms minor bullishness, a jump till 0.85/0.9055 (50- day MA)/1/1.0275. Any close above 1.0850 will take the pair to next level till 1.200/1.2280. 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.
