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XRP/USD: Intraday Trade Idea

BITSTAMP:XRPUSD   Ripple / Dollar
Ripple is consolidating after hitting fresh year of high of 3.310 yesterday. It is trading between 2.98 and 2.50 for the past 10 hours of trade. Intraday bullishness can be seen above the level 3. If the pair break above 3 it will reach new high at 3.80 (161.8% retracement of 3.31 and 2.51)/4.5.

On the lower side, 2.50 will be acting as major support and any break below targets 2.21 (7- day MA)/1.90 (10- day MA). Short term weakness only below 1.61(Dec 27th low).

It is good to buy above 3 with SL around 2.50 for the TP of 3.80/4.50.
Komen: Broken 3. Confirm target 3.80/4.50
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