XRP / Dollar may rise to 0.5435 - 0.5501

Our pivot point is at 0.5201.

Our preference

The upside prevails as long as 0.5201 is support.

Alternative scenario

The downside breakout of 0.5201 would call for 0.5091 and 0.5025.

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 0.5287 and 0.5279).

Supports and resistances

0.5632 **

0.5566 *

0.5501 **

0.5435

0.5297 last

0.5244

0.5201 **

0.5091 *

0.5025 **

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