XRP/USD chart - Trading View
Exchange - Binance
Support: 0.3453 (200-DMA); Resistance: 0.4229 (21-EMA)
Technical Analysis: Bias Bearish
XRP/USD pivotal above 200-DMA support, weakness to accentuate on break below.
Indicators are turning bearish on the intraday charts, keeping scope for downside.
MACD is showing a bearish crossover on signal line. Bearish divergence on RSI and Stochs adds to the downside bias.
Stochs and RSI are sharply lower and RSI has slipped below 50 mark. 5-DMA has crossed below 20-DMA.
Upside intact as long as the pair holds above 200-DMA. Breach there could shift bias to bearish.
Pair is struggling to close below 110-EMA. Break below 200-DMA will see dip till 0.2730 (trendline support).
Bounce off 110-EMA support and break above 21-EMA will see upside resumption.
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