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- Ripple is consolidating in narrow range between 0.96490 and 0.7600 for past 7 trading session.0 slightly below 200- day MA. The pair hits high of 0.96490 from low of 0.4500 almost 115%. It is currently trading around 0.82450. Overall trend is bullishness as long as support 0.4500 holds. Any further weakness only below that level. It is currently trading around 0.8240.
- Any close above 0.8400 (100- day MA) will take the pair till 0.9010/ 0.9649 (Apr 24th 2018 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.
