- Ripple has shown a major profit booking of almost 23% yesterday after a 115% jump from the low of 0.4500. The pair hits high of 0.96490 and is currently trading around 0.7978. Overall trend is bullishness as long as support 0.4500 holds. Any further weakness only below that level. It is currently trading around 0.7978.
- Any break above 0.8700 (100- day MA) will take the pair till 0.9649 (Yesterday high). The pair should break above 0.9645 for further jump till $1/1.08600. Short term bullishness only above 1.08600 level.
- The near term support is around 0.7678 (200- day MA) and any break below will drag the pair down till targets 0.6500/0.6290 (20- day MA)/0.600.
It is good to buy on dips around 0.7700 with SL around 0.700 for the TP of 1/1.0860.