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FxWirePro: Buy XRP/USD above 0.9300

  • Ripple has shown a good recovery after three days of consolidation. The pair hits intraday high of 0.93180 and is currently trading around 0.92600.The pair has jumped almost 46% previous week. Overall trend is bullishness as long as support 0.4500 holds. Any further weakness only below that level. It is currently trading around 0.92862.
     
  • Any close above 0.9220 (100- day MA) confirms minor bullishness, a jump till $1/1.08600. Short term bullishness only above 1.08600 level.
  • The near term support is around 0.8000 and any break below will drag the pair down till targets 0.7600/0.6290 (20- day MA)/0.600/0.5500.

It is good to buy above 0.9300 with SL around 0.8800 for the TP of 1/1.0860.  

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