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- Major resistance – 0.7450 (200- day MA).
- Ripple hits high of 0.72500 on Mar 19th 2018 and shown a good decline of almost more than 30% from that level. The pair declined till 0.4514 and once gain recovered 40%. The pair formed almost a double bottom at 0.4500 and nay further weakness only below that level. It has broken the high of 0.72512 and jumped till 0.7400 and is currently trading around 0.71625.
- Any break above 0.7450 (200- day MA) confirms minor bullishness, a jump till 0.8000/0.84624 (50% fib)/0.900/$1. Short term bullishness only above 1.08600 level.
- The near term support is around 0.650 and any break below will drag the pair down till targets 0.5660 (61.8% fibo)/0.500/0.4500.
It is good to buy on dips around 0.7000 with SL around 0.6300 for the TP of 0.800/1.
