Regulatory Series On Cryptocurrencies: US-SEC’s Finhub To Organize Virtual Meet-Ups Amid Pandemic Covid-19
Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking
Regulatory Series on Cryptocurrencies: US SEC Hammers Lobbyist CEO of AML Bitcoin With Fraudulent ICO Project
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
Digital Currency/Stablecoin/Tokenization Series: Crypto Garage Launches Yen-Pegged Stablecoin On ‘SETTLENET’
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2472 (Oct 21 low); Resistance: 0.2750 (100-DMA)
Technical Analysis: Bias Bearish
XRP/USD is extending weakness for the 3rd straight week, bias strongly bearish.
The pair slipped below daily cloud to hit fresh 3-week lows at 0.2565 before paring some losses to trade at 0.2686 at 05:55 GMT.
Technical indicators have turned bearish. Stochs and RSI are sharply lower and RSI is well below 50 mark.
MACD is biased lower and ADX supports weakness along with -ve DMI dominance.
Supports on the downside are seen at 0.2472 (Oct 21 low) ahead of lower weekly Bollinger band at 0.2210.
5-DMA is immediate resistance at 0.2731, break above will see gains till 55-EMA at 0.2828.