Digital Currency / Technicals
Add as a preferred source on GoogleCrypto Technicals: XRP spikes over 25% to break above $0.40 mark, close above 200-DMA opens up further upside
XRP/USD chart - Trading View Exchange - Kraken Support: 0.3437 (200-DMA); Resistance: 0.4520 (Dec 24 high) Technical Analysis: Bias Bullish - XRP/USD spikes over 25% to hit 2019 highs above 0.40 mark, bias bullish - The …
By FxWirePro Team
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XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.3437 (200-DMA); Resistance: 0.4520 (Dec 24 high)
Technical Analysis: Bias Bullish
- XRP/USD spikes over 25% to hit 2019 highs above 0.40 mark, bias bullish
- The pair has pared some gains and was trading at 0.38 at 0920 GMT
- The rise may be attributed to Bakkt’s announcement to launch Bitcoin [BTC] futures
- Also, king coin's stellar rise boosts crypto-ecosystem in general, sentiment turns positive
- XRP/USD has shown a breakout above 200-DMA and with supporting shift in technical bias to bullish, we scope for further gains
- Close above 200-DMA opens up further upside in the pair. Next bull target 0.4520 (Dec 24th 2018 high)
- Failure to close above 200-DMA could see extension of sideways movement
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