Crypto Technicals: Ripple (XRP) spikes higher, hits 4-week high (0.29369), bias bullish

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.26762 (21-EMA); Resistance: 0.3215 (38.2% Fib)

Technical Analysis: Bias Bullish

Ripple is extending gains for the 3rd straight week, intraday bias is bullish.

XRP/USD spiked higher on the day to hit 4-week high at 0.29369.

The pair was trading 4.91% higher at the time of writing at 0.29114 at 09:15 GMT.

Short-term trend has turned bullish as shown by the GMMA indicator.

Stochs and RSI are sharply higher. 'Bullish Divergence' adds to the upside bias.

Volatility is rising and price action is testing 110-EMA resistance (0.29248).

The pair eyes next major resistance at 38.2% Fib at 0.3215 ahead of 200-DMA at 0.32907.

On the flipside, 21-EMA is strong support at 0.26762, violation there to see more weakness.

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