Digital Currency Revolution Series: A Glimpse At Global Central Banks’ Obsession of Own Digital Currencies
FxWirePro: Silver moves in stiff boundaries ahead of U.S. NFP job data, stay long only above $17.02 mark
FxWirePro: Japanese yen remains almost unchanged after household spending, average cash earnings data
Crypto Technicals: XRP/USD slumps over 9%, erases 2 weeks' gains
XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2781 (50-DMA); Resistance: 0.3242 (200-DMA)
Technical Analysis: Bias turning bearish
XRP/USD has slumped over 9% on the day to hit 2-week lows at 0.2745.
The pair has erased some losses and was trading at 0.2879, down 7.24% at 11:55 GMT.
A 'Bearish Engulfing' pattern on the daily charts has raised scope for weakness.
Technical studies on the daily charts are turning bearish. Stochs and RSI have turned lower, RSI has slipped below 50.
Price action has been struggling to break above 21W EMA from the past 4 weeks.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?