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- Ripple has shown a minor recovery after hitting low of 0.63314. The pair was consolidating after a continuous three days of bullishness. It is currently trading around 0.67908. The pair formed almost a double bottom around 0.4500 and major weakness below that level.
- Any close above 0.7000 (55- day EMA) confirms major bullishness, a jump till 0.8000/0.84624 (50% fib)/0.900. 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 0.6000 with SL around 0.5500 for the TP of 0.7250/0.7550.
