XRP/USD chart - Trading View
Exchange - Binance
Support: 0.3455 (200-DMA); Resistance: 0.4590 (55W-EMA)
Technical Analysis: Bias bullish
XRP/USD trades rangebound on the day at 0.4199 at 10:20 GMT.
The pair is extending gradual grind higher along 21-EMA support.
Pullback in the pair has held above 200-DMA and cloud support.
GMMA shows a shift in trend with shorter-term MAs breaking above longer-term MAs.
55W-EMA offers stiff resistance at 0.4590, pair is struggling to hold break above.
'Golden Cross' (50-DMA bullish crossover on 200-DMA) confirmation on daily charts raises scope for gains.
Break above 55W-EMA will propel the pair higher. Next major bull target lies at 61.8% Fib at 0.5988.
Break below 21-EMA will see some weakness. Bullish invalidation likely below 200-DMA.
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