FxWirePro- XRPUSD Daily outlook
Ichimoku Analysis (Daily Chart)
Tenken-Sen- $1.44953
Kijun-Sen- $1.49423
XRPUSD recovered more than 22% from a low of $1.3201. It hits a high of $1.60773 and currently trading around $1.5400. The ripple crypto is on fire this year on optimism in the SEC-Ripple case. The pair surged more than 460% this year alone. The US Securities of Commission (SEC) case has tanked the XRPUSD to $0.17. The Ripple will reach an all-time high of $33.317 if case results come in favor of ripple.
On the higher side, near-term resistance is around $1.670 and any convincing break above that level will take the pair to next level till $1.850/$2.00/$2.60. The immediate support is around $1.32, any violation below will drag the XRPUSD to the next level of $1.275 (38.2% fib)/1.0960/$1. Significant trend weakness only if breaks below $0.80.
It is good to buy on dips around $1.5000 with SL around $1.2750 for the TP of $2/$2.60.
