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, break above confirms further upside - EconoTimes)
XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2456 (200H SMA); Resistance: 0.2568 (21-EMA)
Technical Analysis: Bias Neutral
XRP/USD was trading 2.40% higher on the day at 0.2529 at 10:00 GMT, bias neutral.
The pair has been extending choppy trade from the past few sessions. Price action remains capped below stiff resistance at 21-EMA (0.2568).
Major trend in the pair is bearish, but, stochs and RSI have turned higher, break above 21-EMA could see some upside.
'Bullish Divergence' on RSI and stochs keeps scope for gains. MACD is on verge of bullish crossover on signal line.
The pair is extending gains above 200H SMA, volatility is rising on the intraday charts.
Break above 21-EMA will see gains till 23.6% Fib at 0.2772. Rejection at 21-EMA will see resumption of weakness.
