Crypto Technicals: XRP/USD consolidates break above 200H SMA, 'Bullish Divergence' keeps scope for further upside

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2812 (200H SMA); Resistance: 0.2948 (21-EMA)

Technical Analysis: Bias Slightly Bullish

XRP/USD is trading marginally higher at 0.2857, up 0.88% at 03:30 GMT.

The pair spiked higher on 18th trade to hit 4 days high at 0.2920.

Price action is consolidating break above 200H SMA with scope for further gains.

5-DMA has turned and a 'Bullish Divergence' on Stochastics raises scope for upside.

MACD is on verge of bullish crossover on signal line and Stochastics RSI is showing a rollover from oversold levels.

The pair finds stiff resistance at 21-EMA at 0.2949, break above will see further gains.

Major trend remains bearish. Rejection at 21-EMA will see resumption of weakness.

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