Ripple

The third-largest cryptocurrency soared on reports that exchange Binance is adding US dollar pairs with Ripple seen as one of the most likely beneficiaries. Ripple has now pushed back to the 78.6% Fibonacci retracement of the December – January rally at $0.87 and eyes cluster resistance at $0.95 and the double February high at $1.15. Support is seen at $0.63. Ripple client positioning remains heavily biased to the long side with in excess of 96% of IG retail customers net-long.