Crypto Technicals: XRP/USD pauses at 23.6% Fib, break above daily cloud to see further gains
Tue, 21 Jan 2020, 10:30 am UTC
XRP/USD chart - Trading View
Exchange - Kraken
Technical Analysis: Bias Neutral
Support: 0.2212 (21-EMA); Resistance: 0.2444 (Cloud top)
XRP/USD was trading 1.10% higher at 0.2351 at around 10:10 GMT, intraday bias is neutral.
The pair has paused downside and is attempting to retake 110-EMA which is offering stiff resistance at 0.2370.
Uptrend in the pair has paused at 23.6% Fib, price is seeing some correction on account of overbought oscillators.
Minor trend in the pair has turned bullish as short-term MAs show break above long-term MAS.
Major trend is neutral. Retrace below 55-EMA (0.2206) could negate bullish bias.
Cloud top is immediate resistance at 0.2444. Breakout above cloud eyes 200-DMA at 0.2639.
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