XRP / Dollar may rise to 0.5427 - 0.5485

Our pivot point stands at 0.5233.

Our preference

The upside prevails as long as 0.5233 is support.

Alternative scenario

The downside breakout of 0.5233 would call for 0.5136 and 0.5079.

Comment

The RSI is above 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 0.5290 and 0.5298).

Supports and resistances

0.5600 **

0.5543 *

0.5485 **

0.5427

0.5310 last

0.5271

0.5233 **

0.5136 *

0.5079 **

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