# Crypto Technicals: XRP/USD breaks below 200-DMA, opens up further downside

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2612
Published: 2019-07-12T10:42:50.000Z
Updated: 2019-07-12T12:11:50.000Z
Section: Investing

> Support: 0.28 (Trendline support); Resistance: 0.3655 (5-DMA)

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

Exchange - Bitstamp

Support: 0.28 (Trendline support); Resistance: 0.3655 (5-DMA)

Technical Analysis: Bias Bearish

XRP/USD has shown a break below 200-DMA support on Thursday's trade.

The pair is currently making futile attempts to retrace the dip below 200-DMA.

Technical indicators support weakness. Momentum with the bears. Break below 200-DMA has opened up further downside.

Bearish divergence on RSI and Stochs on the daily charts adds to the bearish bias. 5-DMA is sharply lower and volatility is rising.

Scope for dip till major trendline support at 0.28. Retrace above 200-DMA may see some consolidation.

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)