Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
Tue, 20 Aug 2019, 11:24 am UTC
XRP/USD chart - Trading View
Exchange - Kraken
Support: 0.2335 (Aug 14 low); Resistance: 0.2925 (21-EMA)
Technical Analysis: Bias Bearish
XRP/USD is trading 3.4% lower on the day at 0.2727 at 11:10 GMT.
The pair has failed to break above 21-EMA resistance and is extending downside.
Formation of 'Doji' on the previous session's candle dents upside in the pair.
Price action has slipped below 200H SMA and 5-DMA, scope for further downside.
'Death Cross' (Bearish 50-DMA crossover on 200-DMA) keeps bias lower.
Scope for retest of 0.2335 (Aug 14 low). Breakout at 21-EMA required for meaningful upside.
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