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XRP/USD chart - Trading View
Exchange - Kraken
Technical Analysis: Bias Bullish
Support: 0.2368 (110-EMA); Resistance: 0.2567 (200-DMA)
XRP/USD has been capped at 200-DMA (currently at 0.2567) for the second straight session.
The pair was trading 0.86% higher at 0.2525 at around 08:45 GMT, slightly lower from session high at 0.2595.
Volatility is high, momentum studies are bullish, break above 200-DMA will propel the pair higher.
MACD is well in the positive territory and ADX is rising in support of the trend.
Break above 200-DMA will see test of 38.2% Fib at 0.3018 ahead of 0.3150 (Double top).
5-DMA is immediate support at 0.2451. Break below 110-EMA (0.2368) negates near-term bullishness.
