XRP / Dollar may rise to 0.5263 - 0.5320

0.5060 is our pivot point.

Our preference

As long as 0.5060 is support look for 0.5320.

Alternative scenario

Below 0.5060, expect 0.4965 and 0.4908.

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 above its 20 and 50 period moving average (respectively at 0.5115 and 0.5095).

Supports and resistances

0.5434 **

0.5377 *

0.5320 **

0.5263

0.5135 last

0.5098

0.5060 **

0.4965 *

0.4908 **

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