FxWirePro: XRP/USD faces strong support at 200 day MA, any close below targets 0.600

• Ripple has shown a minor jump of 19% after hitting low of 0.76500 slightly below 200- day MA. The pair hits high of 0.96490 and jumped almost 115% from low of 0.4500.It is currently trading around 0.8440. Overall trend is bullishness as long as support 0.4500 holds. Any further weakness only below that level. It is currently trading around 0.8360.
   
• Any close above 0.8400 (100- day MA) will take the pair till 0.9010/ 0.9649 (Apr 24th 2018 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 0.7678 (200- day MA) and any break below will drag the pair down till targets 0.6500/0.6290 (20- day MA)/0.600.

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