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Crypto Technicals: XRP/USD breaks below 200-DMA, opens up further downside

Fri, 12 Jul 2019, 10:42 am UTC

XRP/USD chart - Trading View

Exchange - Bitstamp

Support: 0.28 (Trendline support); Resistance: 0.3655 (5-DMA)

Technical Analysis: Bias Bearish

XRP/USD has shown a break below 200-DMA support on Thursday's trade.

The pair is currently making futile attempts to retrace the dip below 200-DMA.

Technical indicators support weakness. Momentum with the bears. Break below 200-DMA has opened up further downside.

Bearish divergence on RSI and Stochs on the daily charts adds to the bearish bias. 5-DMA is sharply lower and volatility is rising.

Scope for dip till major trendline support at 0.28. Retrace above 200-DMA may see some consolidation.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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  • Bitcoin (BTC) $10,216.80 (-1.14%)
  • Ethereum (ETH) $190.55 (+1.01%)
  • XRP (XRP) $0.260300 (-1.09%)
  • Bitcoin Cash (BCH) $304.20 (-0.42%)
  • Litecoin (LTC) $70.11 (-0.42%)
  • Bitcoin (BTC) $10,216.80 (-1.14%)
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