XRP/USD chart – Trading View
Exchange – Kraken
Support: 0.2335 (Aug 14 low); Resistance: 0.2806 (21-EMA)
Technical Analysis: Bias Bearish
XRP/USD extends range trade, upside remains capped below 21-EMA, bias remains bearish.
‘Death Cross’ (bearish 50-DMA crossover on 200-DMA) keeps bearish bias in the pair.
Technical indicators are bearish. Stochs and RSI are biased lower. RSI is below 50.
Major trend in the pair is bearish as indicated by GMMA indicator. Both short and long term MAs are biased lower.
Stochastics RSI is on verge of rollover from overbought levels. Price action is below cloud and major moving averages.
Bullish divergence keeps scope for upside. Breakout above 21-EMA to see further gains. Resumption of weakness will see dip till 0.2335 (Aug 14 low).