- Major support – 0.600 (61.8% fibo)
- The pair formed a minor bottom at 0.61 and started to jump sharply from that level. Ripple crossed major psychological level 1 and jumped till 1.2495. It is currently trading around 1.000.
- Short term trend is bullish as long as support 0.60 holds. Any violation below 0.60 will drag the pair to next level till 0.4682 (50- day MA) /0.2700 (200- day EMA). The minor support is around 0.8450 (10- day MA).
- The near term resistance is around 1.2500 and any break above will take the pair to next level till 1.60/2.00.
It is good to buy on dips around 0.8500 with SL around 0.600 for the TP of 1.25/1.60