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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.
 

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July 2 15:00 UTC Released

DKCurrency Reserves

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449.6 Stale

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451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 853604853604m

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2016 bln ARS

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January 22 19:00 UTC 865424865424m

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-1541 %

January 31 00:00 UTC 853604853604m

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2016 bln ARS

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January 22 19:00 UTC 865424865424m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 853604853604m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853604853604m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853604853604m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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