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Crypto Technicals: XRP/USD capped below 100-DMA, dip till 0.3040 likely

XRP/USD chart - Trading View 

Exchange - Bifinex

Support: 0.3040 (trendline); Resistance: 0.3238 (100-DMA)

Technical Analysis: Bias Bearish
- XRP/USD fails at 200-DMA, slips below 100-DMA
- Price has fallen below major EMAs on the daily chart
- Stochs and RSI are sharply lower and RSI is below 50 mark
- Recovery lacks traction, upside capped at 100-DMA
- Scope for test of strong trendline support at 0.3035

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

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