FxWirePro: XRP/USD breaks trend line resistance at 0.6500, jump till $1 likely
Ripple is trading higher for the past three trading session after long consolidation. The pair has broken major resistance of 0.5500 and jumped till 0.6630. The pair formed almost a double bottom around 0.4500 and major …
Ripple is trading higher for the past three trading session after long consolidation. The pair has broken major resistance of 0.5500 and jumped till 0.6630. The pair formed almost a double bottom around 0.4500 and major weakness below that level.
Any break above 0.6600 (trend line resistance) confirms minor intraday bullishness, a jump till 0.7250.Any close above 0.7250 will take the pair to next level till 0.800/0.8400. 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.
