XRP / Dollar may rise to 0.5378 - 0.5443

Our pivot point stands at 0.5142.

Our preference

Rise to 0.5443.

Alternative scenario

The downside breakout of 0.5142 would call for 0.5033 and 0.4968.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5228 and 0.5227).

Supports and resistances

0.5573 **

0.5508 *

0.5443 **

0.5378

0.5230 last

0.5185

0.5142 **

0.5033 *

0.4968 **

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