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Crypto Technicals: XRP/USD consolidates break above 200H SMA, 'Bullish Divergence' keeps scope for further upside
XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2812 (200H SMA); Resistance: 0.2948 (21-EMA)
Technical Analysis: Bias Slightly Bullish
XRP/USD is trading marginally higher at 0.2857, up 0.88% at 03:30 GMT.
The pair spiked higher on 18th trade to hit 4 days high at 0.2920.
Price action is consolidating break above 200H SMA with scope for further gains.
5-DMA has turned and a 'Bullish Divergence' on Stochastics raises scope for upside.
MACD is on verge of bullish crossover on signal line and Stochastics RSI is showing a rollover from oversold levels.
The pair finds stiff resistance at 21-EMA at 0.2949, break above will see further gains.
Major trend remains bearish. Rejection at 21-EMA will see resumption of weakness.