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Ichimoku Analysis (4-Hour Chart)
Tenken-Sen- $1.28929
Kijun-Sen- $1.31932
XRPUSD has formed a triple bottom near $0.90 and shown a nice recovery till $1.29990from that level. The pair should close above the $1.3000 level for a further trend continuation. Ripple was one of the best performers this year and surged more than 1000% on growing optimism in the SEC case. It hits a fresh year high at $1.9140 and is currently trading around $1.24104.
On the higher side, near-term resistance is around $1.360 and any convincing break above that level will take the pair to next level till $1.44/$1.50/$1.6250/$1.70500. The immediate support is around $1.17, any violation below will drag the XRPUSD to the next level of $1/$0.930/$0.80. Significant trend weakness only if breaks below $0.80.
It is good to buy on dips around $1 with SL around $0.80 for the TP of $2/$2.60.
