XRP/USD chart - Trading View
Exchange - Bitfinex
Support: 0.2853 (double bottom Dec 15, Jan 29); Resistance: 0.3125 (cloud base)
Technical Analysis: Bias Bearish
- XRP/USD has broken below strong trendline support at 0.3035
- Price action has dipped below daily cloud, bias lower
- Stochs and RSI sharply lower and converge with price
- Momnetum with the bears, volatility is expanding, 5-DMA sharply lower
- Scope for weakness till 0.2853 (double bottom Dec 15, Jan 29)
- Immediate resistance lies at 0.3125 (cloud base). Break above 5-DMA could see further upside
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