FxWirePro: XRP/USD faces strong trend line support at 0.5500, good to sell on rallies

• Major Support -0.5500.
   
• Ripple is trading weak after hitting high of 0.7250 on Mar 19th 2018. The pair has declined slightly till 0.5791 from the high and is currently trading around 0.5700.
   
• Any break above 0.7250 confirms minor bullishness, a jump till 0.7800/0.85/0.9055 (50- day MA)/1/1.0275. Any close above 1.0850 will take the pair to next level till 1.200/1.2280. Short term bullishness only above 2.25 level.
   
• The near term support is around 0.6500 and any break below will drag the pair down till targets 0.6000. Major support at 0.490 (233-day MA) is last hopes for bulls. Any violation below will drag the pair till 0.25/0.15 level. The near term support is around 0.87/0.61.

It is good to sell on rallies around 0.655-0.6600 with SL around 0.7500 for the TP of 0.50/0.30.