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Crypto Technicals: XRP/USD struggles at 21-EMA, bullish divergence keeps scope for upside

Mon, 06 Jan 2020, 07:18 am UTC

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.1927 (5-DMA); Resistance: 0.1967 (21-EMA)

Technical Analysis: Bias Neutral

XRP/USD was trading 1.12% higher on the day at 0.1966 at 07:10 GMT, bias neutral.

The pair is struggling to break above 21-EMA which is offering stiff resistance at 0.1967.

Volatility is extremely low and technical indicators are turning slightly bullish.

Stochs and RSI are biased higher and 'Bullish Divergence' on Stochastics raises scope for upside.

The pair is holding support at 5-DMA and breakout at 21-EMA will see test of 50-DMA at 0.2116 ahead of 55-EMA at 0.2160.

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