FxWirePro: XRP/USD faces strong support at 0.770, good to buy on dips

• Ripple has shown a minor profit booking yesterday after a 115% jump from the low of 0.4500. The pair hits high of 0.96490 and is currently trading around 0.8298. The pair has declined almost 18% yesterday. Overall trend is bullishness as long as support 0.4500 holds. Any further weakness only below that level. It is currently trading around 0.8285.
   
• Any break above 0.8700 (100- day MA) will take the pair till 0.9649 (Yesterday high). The pair should break above 0.9645 for further jump till $1/1.08600. Short term bullishness only above 1.08600 level.
   
• The near term support is around 0.8000 and any break below will drag the pair down till targets 0.7600/0.6290 (20- day MA)/0.600/0.5500.

It is good to buy on dips around 0.7700 with SL around 0.700 for the TP of 1/1.0860.