# Crypto Technicals: XRP/USD finds stiff resistance at 55W-EMA (0.4592), potential 'Golden Cross' keeps scope for upside

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2012
Published: 2019-05-28T07:54:22.000Z
Updated: 2019-05-28T07:54:22.000Z
Section: Investing

> Support: 0.3467 (200-DMA); Resistance: 0.4593 (55W-EMA)

[XRP/USD](<https://www.tradingview.com/symbols/XRPUSD/>) chart - Trading View

Exchange - Binance

Support: 0.3467 (200-DMA); Resistance: 0.4593 (55W-EMA)

Technical Analysis: Bias bullish

XRP/USD pauses 5 straight sessions of gains, trades marginally lower on the day at 0.4264 at 07:45 GMT.

The pair extends gains along 5-DMA which is sharply higher. RSI and Stochs are also biased higher.

Pullback in the pair has held above 200-DMA support, GMMA has shown a shift in trend, scope for further upside.

Price action is above cloud and major moving averages, but 55W-EMA at 0.4593 is stiff resistance.

A potential 'Golden Cross' (50-DMA bullish crossover on 200-DMA) keeps scope for gains.

Break above 55W-EMA eyes 38.2% Fib retracement at 0.4759. Bullish invalidation likely below 200-DMA.

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).



## Links in this article

- [XRP/USD](https://www.tradingview.com/symbols/XRPUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)