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XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2478 (5-DMA); Resistance: 0.2595 (21-EMA)
Technical Analysis: Bias slightly bullish
XRP/USD is struggling to extend gains above 21-EMA resistance, bias turning slightly bullish.
'Dragonfly Doji' formed on the candle at the time of writing suggests buying pressure at lows.
The pair is consolidating break above 200H SMA and breakout at 21-EMA could see more gains.
Stochs and RSI are biased higher and 'Bullish Divergence' adds to the upside bias.
Breakout at 21-EMA finds next hurdle at daily cloud at 0.2647 ahead of 23.6% Fib at 0.2777.
On the flipside, rejection at 21-EMA and retrace below 5-DMA could see resumption of downside.
