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Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation

Tue, 20 Aug 2019, 11:24 am UTC

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2335 (Aug 14 low); Resistance: 0.2925 (21-EMA)

Technical Analysis: Bias Bearish

XRP/USD is trading 3.4% lower on the day at 0.2727 at 11:10 GMT.

The pair has failed to break above 21-EMA resistance and is extending downside.

Formation of 'Doji' on the previous session's candle dents upside in the pair.

Price action has slipped below 200H SMA and 5-DMA, scope for further downside.

'Death Cross' (Bearish 50-DMA crossover on 200-DMA) keeps bias lower.

Scope for retest of 0.2335 (Aug 14 low). Breakout at 21-EMA required for meaningful upside.

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  • Bitcoin (BTC) $10,246.90 (-1.13%)
  • Ethereum (ETH) $198.76 (+2.21%)
  • XRP (XRP) $0.266400 (+1.36%)
  • Bitcoin Cash (BCH) $308.57 (+0.21%)
  • Litecoin (LTC) $73.05 (+2.34%)
  • Bitcoin (BTC) $10,246.90 (-1.13%)
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