|   Digital Currency


  |   Digital Currency


Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation

XRP/USD chart - Trading View 

Exchange - Kraken

Support: 0.2335 (Aug 14 low); Resistance: 0.2925 (21-EMA)

Technical Analysis: Bias Bearish

XRP/USD is trading 3.4% lower on the day at 0.2727 at 11:10 GMT.

The pair has failed to break above 21-EMA resistance and is extending downside.

Formation of 'Doji' on the previous session's candle dents upside in the pair.

Price action has slipped below 200H SMA and 5-DMA, scope for further downside.

'Death Cross' (Bearish 50-DMA crossover on 200-DMA) keeps bias lower.

Scope for retest of 0.2335 (Aug 14 low). Breakout at 21-EMA required for meaningful upside.

  • Market Data

Welcome to EconoTimes

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