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 extends choppy trade below 21-EMA, 'Bullish Divergence' keeps scope for upside - EconoTimes)
XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2449 (200H SMA); Resistance: 0.2574 (21-EMA)
Technical Analysis: Bias Neutral
XRP/USD is extending choppy trade, finds stiff resistance at 21-EMA at 0.2573.
Major trend in the pair is bearish, break above 21-EMA could see some upside.
'Bullish Divergence' on RSI and stochs keeps scope for upside.
The pair has shown a break above 200H SMA, price is consolidating break above.
Stochs and RSI have turned higher, but RSI is well below 50 level.
Break above 21-EMA will see gains till 23.6% Fib at 0.2772. Rejection at 21-EMA will see resumption of weakness.
