Crypto Technicals: XRP/USD breaks range trade, sees sudden spike above 200H SMA

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2456 (5-DMA); Resistance: 0.2657 (50-DMA)

Technical Analysis: Bias turning slightly bullish

XRP/USD shows a sudden spike, breaks past 200H SMA to hit 6-day high at 0.2607.

The pair is extending break above 200H SMA, has test 21-EMA resistance at 0.2600.

RSI has turned higher, 'Bullish Divergence' to support more gains.

Major trend is bearish as indicated by the GMMA indicator. Decisive break above 21-EMA with shift in short-term MAs could change dynamics for the pair.

Next major resistance lies at cloud base (0.2649). Break above eyes 23.6% Fib at 0.2772.

On the flipside, failure at 21-EMA and retrace below 200H SMA negates bullish bias.

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