XRP / Dollar may rise to 0.5440 - 0.5506

Our pivot point stands at 0.5207.

Our preference

The upside prevails as long as 0.5207 is support.

Alternative scenario

Below 0.5207, expect 0.5097 and 0.5031.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5280 and 0.5277).

Supports and resistances

0.5638 **

0.5572 *

0.5506 **

0.5440

0.5294 last

0.5250

0.5207 **

0.5097 *

0.5031 **

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