Crypto Technicals: XRP/USD struggles to extend gains, 200H MA offers stiff resistance

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.1933 (5-DMA); Resistance: 0.1965 (200H MA)

Technical Analysis: Bias Neutral

XRP/USD was trading rangebound on the day, bias remains neutral.

The pair was trading at 0.1948 at 10:58 GMT, up 1.05% at the time of writing.

Price action was rejected at 200H MA which is offering stiff resistance at 0.1962.

Decisive break above could see continuation of upside momentum. Next major hurdle lies at 21-EMA at 0.2090.

Major trend in the pair is bearish and technical indicators do not support a clear directional bias.

Retrace below 5-DMA will negate near-term bullishness. Scope then for dip till trendline support at 0.1725.

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