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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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  • Bitcoin (BTC) $11,010.60 (+1.60%)
  • Ethereum (ETH) $386.15 (+1.68%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $236.25 (+1.56%)
  • Binance Coin (BNB) $28.25 (+5.87%)
  • Bitcoin (BTC) $11,010.60 (+1.60%)
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