• Sun, 08 Dec 2019, 05:58 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: XRP/USD consolidates below 100-DMA, break below cloud to drag prices lower

Wed, 13 Nov 2019, 06:03 am UTC

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2664 (Daily cloud base); Resistance: 0.2753 (100-DMA)

Technical Analysis: Bias Bearish

XRP/USD consolidates below 100-DMA, bias remains bearish.

The pair was trading marginally higher at 0.2736 at 05:45 GMT after closing 0.89% lower in the previous session.

Price action has held cloud base support at 0.2664, break below will see drag lower.

Minor recovery attempts capped at 5-DMA (0.2757). Break above could see gains till 55-EMA at 0.2834.

Technical bias for the pair is bearish. GMMA shows near-term bias has shifted to bearish. Scope for further downside.

RSI has slipped below 50 mark and stochs show bearish momentum. MACD and ADX also support weakness.

Volatility is also rising. Break below daily cloud support will see dip till 0.2472 (Oct 23 low).

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,502.95 (-0.87%)
  • Ethereum (ETH) $148.73 (-0.58%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $212.05 (-1.36%)
  • Litecoin (LTC) $45.71 (-0.57%)
  • Bitcoin (BTC) $7,502.95 (-0.87%)
Dec 6, 2019 (Friday)
13:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:24
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:19
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
11:18
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
10:31
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
10:00
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
08:44
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
07:37
Reserve Bank of India governor against the development of private digital currencies
07:34
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
07:30
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
05:47
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
05:03
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
04:42
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
04:23
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
03:56
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
03:54
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
03:51
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
13:09
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
11:28
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:28
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft