Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Crypto Technicals: Ripple breaks below 200-DMA, opens up further downside

XRP/USD chart - Trading View 

Exchange - Bitstamp

Support: 0.28 (Trendline support); Resistance: 0.3655 (5-DMA)

Technical Analysis: Bias Bearish

XRP/USD has shown a break below 200-DMA support on Thursday's trade.

The pair is currently making futile attempts to retrace the dip below 200-DMA.

Technical indicators support weakness. Momentum with the bears. Break below 200-DMA has opened up further downside.

Bearish divergence on RSI and Stochs on the daily charts adds to the bearish bias. 5-DMA is sharply lower and volatility is rising.

Scope for dip till major trendline support at 0.28. Retrace above 200-DMA may see some consolidation.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 813338813338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813338813338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 825158825158m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 813338813338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 825158825158m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 813338813338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813338813338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813338813338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.