Crypto Technicals: Ripple (XRP) extends choppy trade below 21-EMA, 'Bullish Divergence' keeps scope for upside

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2449 (200H SMA); Resistance: 0.2574 (21-EMA)

Technical Analysis: Bias Neutral

XRP/USD is extending choppy trade, finds stiff resistance at 21-EMA at 0.2573.

Major trend in the pair is bearish, break above 21-EMA could see some upside.

'Bullish Divergence' on RSI and stochs keeps scope for upside.

The pair has shown a break above 200H SMA, price is consolidating break above.

Stochs and RSI have turned higher, but RSI is well below 50 level.

Break above 21-EMA will see gains till 23.6% Fib at 0.2772. Rejection at 21-EMA will see resumption of weakness.

TokenPost | [email protected]