XRP / Dollar may rise to 0.5496 - 0.5563

Our pivot point stands at 0.5252.

Our preference

As long as 0.5252 is support look for 0.5563.

Alternative scenario

The downside breakout of 0.5252 would call for 0.5139 and 0.5072.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.5349) but above its 50 period moving average (0.5312).

Supports and resistances

0.5698 **

0.5630 *

0.5563 **

0.5496

0.5341 last

0.5296

0.5252 **

0.5139 *

0.5072 **

Number of asterisks represents the strength of support and resistance levels.