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Crypto Technicals: Ripple bounces off 50-DMA support, on track to test $0.47

XRP/USD chart - Trading View 

Exchange - Binance

Support: 0.4148 (5-DMA); Resistance: 0.47 (Dec 2018 high)

Technical Analysis: Bias Bullish

Ripple bounces off 50-DMA support, bias is turning bullish (5-DMA has turned).

'Golden Cross' formation on the daily charts keeps scope for upside.

RSI is above 50 mark and Stochs are sharply higher. MACD is on verge of bullish crossover on signal line.

Volatility is rising on the weekly charts and price action is holding above 5W SMA.

55W EMA is stiff resistance at 0.4553. Break above will see test of 0.47 (Dec 2018 high).

5-DMA is immediate support at 0.4148. Break below 50-DMA (0.3816) will see dip till 200-DMA (0.3432).

Violation at 200-DMA negates bullish bias. 

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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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

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50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 776063776063m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 776063776063m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 787883787883m

ARTrade Balance

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Previous

-1541 %

January 31 00:00 UTC 776063776063m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 787883787883m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 776063776063m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 776063776063m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 776063776063m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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