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Exchange - Kraken
Major Support Levels:
S1: 0.2666 (4H 200 SMA)
S2: 0.2651 (5W SMA)
S3: 0.2460 (Aug 28 low)
Major Resistance Levels:
R1: 0.2740 (21-EMA)
R2: 0.2792 (5-DMA)
R3: 0.2844 (55-EMA)
Summary: XRP/USD takes a breather after 5 straight sessions of downside. Recovery lacks traction. Price is currently holding support at 4H 200 SMA. Break below will see resumption of downside.
Guidance: Stay short below 4H 200 SMA (0.2666), target-1: 0.2460, target-2: 0.2332.
