FxWirePro: XRP/USD faces strong support at 0.4600, break below confirms further weakness

• Major Intraday resistance -0.5500.
   
• Ripple has declined sharply after hitting high of 0.55140.It is currently trading around 0.4650.
   
• 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.