Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Crypto Technicals: XRP/USD extends weakness below 200-DMA, on track to test trendline support at 0.28

XRP/USD chart - Trading View 

Exchange - Bitstamp

Support: 0.28 (Trendline); Resistance: 0.3231 (5-DMA)

Technical Analysis: Bias Bearish

XRP/USD is extending weakness below 200-DMA, bias is bearish.

The pair has hit new 2-month lows at 0.2950, scope for further downside.

Momentum studies are highly bearish and bearish divergence on RSI and Stochs likely to plummet prices further.

GMMA indicator shows shift in trend with shorter-term moving averages slipping below longer-term moving averages.

The pair has closed below 20W SMA and volatility is rising. Next major support lies at 0.28 (trendline).

Break below will see dip till lower Bollinger band (weekly) at 0.2441. Retrace above 200-DMA to see minor upside. 

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 817097817097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817097817097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 828917828917m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 817097817097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 828917828917m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 817097817097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817097817097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817097817097m

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.