FxWirePro: XRP/USD faces major intraday resistance at 0.5500, break above targets 0.7250

• Major Intraday resistance -0.5500.
   
• Ripple has shown a minor recovery after hitting a low of 0.45140. The pair jumped till 0.5500 and is currently trading around 0.53540.
   
• Any break above 0.5500 confirms minor intraday bullishness, a jump till 0.6100/0.6750.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 above 0.5500 with SL around 0.500 for the TP of 0.6750.