FxWirePro: XRP/USD trades well below major trend line support, good to sell on rallies
Ripple broken major support of 0.5370 and declined till 0.4541. It is currently trading around 0.49060. Any break above 0.7200 (200- day MA) confirms minor bullishness, a jump till 0.7800/0.85/0.9055 (50- day MA)/1/1.027…
Ripple broken major support of 0.5370 and declined till 0.4541. It is currently trading around 0.49060.
Any break above 0.7200 (200- day MA) 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 0.4500 and any break below will drag the pair down till targets 0.3800/0.3000.
It is good to sell on rallies around 0.550 with SL around 0.630 for the TP of 0.30.
