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XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2456 (5-DMA); Resistance: 0.2657 (50-DMA)
Technical Analysis: Bias turning slightly bullish
XRP/USD shows a sudden spike, breaks past 200H SMA to hit 6-day high at 0.2607.
The pair is extending break above 200H SMA, has test 21-EMA resistance at 0.2600.
RSI has turned higher, 'Bullish Divergence' to support more gains.
Major trend is bearish as indicated by the GMMA indicator. Decisive break above 21-EMA with shift in short-term MAs could change dynamics for the pair.
Next major resistance lies at cloud base (0.2649). Break above eyes 23.6% Fib at 0.2772.
On the flipside, failure at 21-EMA and retrace below 200H SMA negates bullish bias.
