XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.1975 (Trendline); Resistance: 0.2220 (20-DMA)
Technical Analysis: Bias Bearish
Ripple bears firmly in control, XRP/USD set to extend previous week's bearish bias.
After closing 5.54% lower in the previous week, the pair now eyes trendline support at 0.1975.
XRP/USD was trading 1.74% lower on the day at 0.2132 at 06:10 GMT, after hitting session lows at 0.2093.
Major and minor trend in the pair are bearish and parabolic SAR now supports downtrend.
Stochs and RSI are biased lower. MACD and ADX support downside. Rising volatility to plummet prices.
Scope for dip till trendline support at 0.1975. Decisive break below required for downside continuation.
5-DMA is immediate resistance at 0.2169. Near-term bearish invalidation only above 21-EMA (0.2251).
