Crypto Technicals: XRP/USD falters at stiff cloud resistance, retraces below 55-EMA

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2072 (5-DMA); Resistance: 0.2269 (daily cloud)

Technical Analysis: Bias Neutral

XRP/USD trades subdued below 55-EMA as the pair fails to hold gains on the day.

The pair was trading 0.94% lower on the day at 0.2119 at around 09:30 GMT, bias is neutral.

Monday's spike failed to see follow through as cloud capped upside in the pair.

RSI has turned lower, but holds above 50 mark. Stochs are on verge of rollover from overbought levels.

Major trend is still bearish and retrace below 21-EMA will see further weakness.

That said, 'Bullish Divergence' on Stochastics keeps scope for upside. Break into daily cloud eyes 110-EMA at 0.2398 ahead of 23.6% Fib at 0.2529.

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