Crypto Technicals: 'Golden Cross' confirmed on XRP/USD, break above 55W-EMA to propel the pair higher

XRP/USD chart - Trading View

Exchange - Binance

Support: 0.3455 (200-DMA); Resistance: 0.4590 (55W-EMA)

Technical Analysis: Bias bullish

XRP/USD trades rangebound on the day at 0.4199 at 10:20 GMT.

The pair is extending gradual grind higher along 21-EMA support.

Pullback in the pair has held above 200-DMA and cloud support.

GMMA shows a shift in trend with shorter-term MAs breaking above longer-term MAs.

55W-EMA offers stiff resistance at 0.4590, pair is struggling to hold break above.

'Golden Cross' (50-DMA bullish crossover on 200-DMA) confirmation on daily charts raises scope for gains.

Break above 55W-EMA will propel the pair higher. Next major bull target lies at 61.8% Fib at 0.5988.

Break below 21-EMA will see some weakness. Bullish invalidation likely below 200-DMA.

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