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XRPUSD: Major trend line breakout marks start of minor bull run (target $0.76/$1)

Mon, 24 Dec 2018, 12:05 pm UTC

Major trend line resistance - $0.3800

XRPUSD recovering fast and jumped more than 15% today after breaking trend line resistance $0.3800.The pair hits high of $0.45097 at the time of writing and is currently trading around $0.42750. The pair jumped after Crypto exchange Binance added XRP as base currency

It is holding above 200- day MA $0.4235 and any daily close above $0.4235 will take the pair to next level till $0.6200/$0.76440 (Sep 21st high)/$1.000.

On the lower side, near term support is around $0.3950 (89- day EMA) any violation below targets $0.3208 (20- day MA)/$0.2700.

It is good to buy on dips around $0.4000 with SL around $0.3200 for the TP of $0.76/$1.

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