Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: XRP/USD faces strong support at 0.4500, break below confirms further weakness

  • Major Intraday resistance -0.5500.
     
  • Ripple has shown a minor jump till 0.51195 after hitting low of 0.45140. It is currently trading around 0.4795.
     
  • 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 sell on rallies around 0.5010 with SL around 0.5500 for the TP of 0.30.  

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.