Crypto Technicals: Ripple (XRP) retraces from monthly highs at 0.3056, slips below 0.30 handle

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2907 (21-EMA); Resistance: 0.2996 (21W EMA)

Technical Analysis: Slightly bullish

XRP/USD was trading 0.72% lower on the day at 0.2974 at 08:00 GMT.

The pair has erased today's gains, slipping lower from new monthly highs at 0.3056.

Price action has fallen below the 0.30 mark, finds stiff resistance at 21W EMA at 0.2996.

Technical studies are slightly bullish. Breakout above 21W EMA will see gains till 200-DMA at 0.3244.

The pair trades above daily cloud and break above 200-DMA will confirm bullish continuation. Next major hurdle is seen only at 0.3428 (55W EMA).

Immediate support lies at 21-EMA at 0.2908. Break below will see dip till 50-DMA at 0.2781.

TokenPost | [email protected]