Crypto Technicals: XRP/USD struggles at 200-DMA, break above to see test of 38.2% Fib at 0.3018

XRP/USD chart - Trading View

Exchange - Kraken

Technical Analysis: Bias Bullish

Support: 0.2368 (110-EMA); Resistance: 0.2567 (200-DMA)

XRP/USD has been capped at 200-DMA (currently at 0.2567) for the second straight session.

The pair was trading 0.86% higher at 0.2525 at around 08:45 GMT, slightly lower from session high at 0.2595.

Volatility is high, momentum studies are bullish, break above 200-DMA will propel the pair higher.

MACD is well in the positive territory and ADX is rising in support of the trend.

Break above 200-DMA will see test of 38.2% Fib at 0.3018 ahead of 0.3150 (Double top).

5-DMA is immediate support at 0.2451. Break below 110-EMA (0.2368) negates near-term bullishness.

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