Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Crypto Technicals: Ripple breaks below 200-DMA, opens up further downside

XRP/USD chart - Trading View 

Exchange - Bitstamp

Support: 0.28 (Trendline support); Resistance: 0.3655 (5-DMA)

Technical Analysis: Bias Bearish

XRP/USD has shown a break below 200-DMA support on Thursday's trade.

The pair is currently making futile attempts to retrace the dip below 200-DMA.

Technical indicators support weakness. Momentum with the bears. Break below 200-DMA has opened up further downside.

Bearish divergence on RSI and Stochs on the daily charts adds to the bearish bias. 5-DMA is sharply lower and volatility is rising.

Scope for dip till major trendline support at 0.28. Retrace above 200-DMA may see some consolidation.

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

  • Market Data
Close

Welcome to EconoTimes

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