FxWirePro: XRP/USD downside capped by 200- day MA, good to buy on dips

•  Major Support -0.6700.
   
• Ripple is continuing its weakness for the past 18 days after hitting high 1.2000 level. The pair has shown a minor jump after hitting low of 0.73 and is currently trading around 0.7800.
   
• The pair is trading weak for past four trading session after hitting high of 1.0850 level on Mar 5th 2018. Any break above 0.8500 confirms minor bullishness, a jump till 1/1.0275/1.1165 (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 0.6500 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 0.73-0.74with SL around 0.65 for the TP of 0.85/1.