Digital Currency Revolution Series: A Glimpse At Scope For Potential Digital Forms Of Euro, Dollar & Yuan Amid Pandemic Covid-19 Crisis
FxWirePro: USD/CAD Bears To Intensify On Breakdown Below Triangle Support, Major Uptrend Intact – Trading & Hedging Setup
Digital Currency Revolution Series: Bank of France Successfully Pilots Blockchain-Driven Digital Euro
Cryptocurrency Derivatives Series: Spotlight On FxWirePro’s BTC Long Hedges As Bitcoin On Verge Of $10k Trajectory Ahead Of Block-Halving
Digital Currency Revolution Series: Bakkt Warehouse To Offer Mammoth Insurance Coverage Amid Growing Institutional Interest
FxWirePro: NZD/USD rangebound around 110-EMA, concerns about worsening US-China relations cap upside
Crypto Technicals: XRP/USD grinds lower, hidden divergence to plummet prices
XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2335 (Aug lows); Resistance: 0.2627 (21-EMA)
Technical Analysis: Bias Bearish
XRP/USD is extending gradual grind lower, bias is still bearish.
Major and minor trend remain bearish as suggested by the GMMA indicator.
Minor recovery attempts capped at 21-EMA which is stiff resistance at 0.2627.
'Death Cross' and 'Hidden bearish divergence' to plummet prices further.
Scope for retest of August 2019 lows at 0.2335. Further weakness eyes 0.2050 (Dec 2017 low).
Volatility is low. Breakout at 21-EMA will see minor upside. Retrace above 200-DMA (0.3363) negates bearish bias.