XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.1500 (Sept 2017 low); Resistance: 0.2289 (5-DMA)
Technical Analysis: Bias bearish
XRP/USD has edged higher from multi-year lows at 0.2002, bias remains bearish.
The pair was trading at 0.2180 at 11:00 GMT, down 0.29% at the time of writing.
Technical studies support further weakness in the pair, scope for downside resumption.
That said, a potential 'Hammer' formation at lows raises scope for some consolidation.
5-DMA is immediate resistance at 0.2289. Break above will see gains till 21-EMA at 0.2548.
Major and minor trend have shifted to bearish. Scope for test of Sept 2017 lows at 0.1500.
