Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: XRP/USD extends weakness below 5-DMA, eyes trendline support at 0.2820

Thu, 08 Aug 2019, 08:04 am UTC

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2820 (Trendline); Resistance: 0.3202 (21-EMA)

Technical Analysis: Bias Bearish

XRP/USD is extending weakness below 5-DMA, scope for further downside.

The pair has resumed weakness after 'Doji' formation on previous days' candle.

Price was down 1.06% at 0.3076 at 07:00 GMT, 'Inverted Hammer' at 21-EMA resistance to plummet prices further.

Price action below major moving averages and daily cloud, 5-DMA is also showing a slight turn lower.

RSI is below 50. Stochs are biased lower and GMMA shows major trend has shifted to bearish.

Stochastics RSI shows rollover into neutral. Volatility rising on the intraday charts.

Scope for prices to fall. Next major support lies at trendline at 0.2820.

21-EMA is major resistance at 0.3202. Break above 200-DMA (0.3429) could negate near-term bearishness.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,324.53 (-0.13%)
  • Ethereum (ETH) $159.76 (+0.06%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $307.44 (-1.21%)
  • Bitcoin SV (BSV) $256.85 (+1.04%)
  • Bitcoin (BTC) $8,324.53 (-0.13%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft