Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: XRP/USD finds stiff resistance at 55-EMA, bias neutral

Mon, 13 Jan 2020, 08:57 am UTC

XRP/USD chart - Trading View

Exchange - Kraken

Technical Analysis: Bias Neutral

GMMA Indicator: Major Trend - Bearish; Minor Trend - Neutral

Overbought/ Oversold Index: Neutral

Support: 0.2085 (200H MA); Resistance: 0.2156 (55-EMA)

XRP/USD was trading 1.88% lower on the day at 0.2110 at 08:40 GMT, intraday bias is neutral.

The pair is extending sideways after price action was rejected at 55-EMA which is offering stiff resistance at 0.2156.

Major trend has been bearish and minor trend is now neutral. Breakout at 55-EMA will change near-term dynamics.

Stochs and RSI converge with price action, raising scope for further gains. Breakout at 55-EMA could see test of 23.6% Fib at 0.2529.

The pair is holding break above 21-EMA, finds immediate support at 50-DMA at 0.2080. Retrace below 21-EMA negates near-term bullishness.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,884.22 (+2.10%)
  • Ethereum (ETH) $169.30 (+3.32%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $368.68 (+12.83%)
  • Bitcoin SV (BSV) $284.35 (-10.46%)
  • Bitcoin (BTC) $8,884.22 (+2.10%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft