Matchup Ranking: Don't know yet.
Noel's overall damage increase makes this match a bit easier for her. She can potentially kill Ragna with 2 full combos if she's skilled,but Ragna can screw up Noel's momentum with a few well read pokes and reversals.
Recommended Playstyle: Passive Aggressive.
Stay on Ragna, but don't be to aggressive or predictable. Ragna still has godlike pokes and Inferno Divider, plus his corner pressure is very difficult to deal with now with his improved Dead Spike. Bait his attacks and punish accordingly.
General Strategy:
Stay out of the range of his pokes. If he whiffs a poke, (5B,5C,6A) then it's a free combo for you. 5B and Dead Spike beat your 5D so be wary of how you use them. another thing you need to look out for is his overheads (6B and Gauntlet Hades) they lead into huge damage and possibly a Blood Kain combo if you're near the corner. TK Gauntlet Hades. This move is often followed up after 22C oki or jc able poke (6A & 3C) in pressure. Most of the time if this move is blocked they don't use the followup or they RC it for safety. Noel has to be very evasive in this matchup to make Ragna impatient.
Has A DP/Reversal?: Yes, the bane of Noel's drives. please don't use drives haphazardly against a Ragna that's blocking. Inferno Divider the reason why most people hate fighting Ragna.
623C- has Start-up invincibility, his go-to reversal. Air Unblockable.
623D- does not have start-up invincibility but it breaks primers and has health steal.
50% Reversals?
Carnage Scissors
632146D- invincible on start-up, travels around midscreen,has questionable hit-boxes that hit above and a little bit behind Ragna even though the animation looks like it shouldn't.
Things To Look Out For:
His 5B and 5C (Probably the best 5B in the game, has range, speed and priority. His 5C is a bit slow it has very good reach and on CH he can follow up with Hell's Fang from max distance) His J.C (this is probably the best poke for Ragna to fish out CH hits from Noel, she doesn't seem to have an answer for this if spaced properly) Random Hell's Fangs (you can punish these on block no IB needed) ,6A AA (has upper body invincibility they shortened it a few frames but it's still there) 3C in pressure strings (can jump cancel it into IAD Crossup Inferno Divider or Gauntlet Hades) 6C in pressure strings (it hits low Ragna will RC this on block sometimes and try to mix you up from this after) pseudo unblockable set-ups with Dead Spike (to catch people from jumping out of pressure),2A tick grab tactics,Inferno Divider on Wake-up(bait it out),Carnage Scissors on wake-up and out of your Thor (at a certain height yes it reaches, kinda strange how this works),Hell's Fang 50/50 Mix-up(He'll it you with something among the lines of 5B > 5C > Hell's Fang without followup and either 6B for overhead reset or grab you) TK Gauntlet Hades in mix-up. and Reversal Blood Kain (Blood Kain is his install super, has start-up invincibility, All of his drive moves are powered up immensely but at the cost of his life being drained slowly. If Ragna activates this randomly, just run away and block and punish if he does something risky.)
Note: I don't use Noel. I play Ragna.
I know I'd kill for those matches too.