Technical Analysis – XRPUSD capped by its 200-SMA; bullish bias holds
Posted on March 31, 2022 at 7:35 am GMTXRPUSD (Ripple) has been gaining ground after its downtrend halted at the six-month low of 0.5500. Although the short-term picture has been improving for the cryptocurrency, the price is currently being held down by its 200-day simple moving average (SMA). The short-term oscillators reinforce the view that bullish forces remain in control. Specifically, the RSI is hovering above its 50-neutral threshold, while the MACD histogram is currently beyond both zero and its red signal line. Should the price continue its [..]