XRP / Dollar may rise to 0.5484 - 0.5542

Our pivot point is at 0.5291.

Our preference

The upside prevails as long as 0.5291 is support.

Alternative scenario

Below 0.5291, expect 0.5193 and 0.5135.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5276 and 0.5277). Finally, the XRP / Dollar is trading above its upper Bollinger band (standing at 0.5345).

Supports and resistances

0.5659 **

0.5601 *

0.5542 **

0.5484

0.5368 last

0.5330

0.5291 **

0.5193 *

0.5135 **

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