XRP / Dollar may rise to 0.5465 - 0.5523

Our pivot point is at 0.5263.

Our preference

The upside prevails as long as 0.5263 is support.

Alternative scenario

The downside breakout of 0.5263 would call for 0.5166 and 0.5108.

Comment

The RSI is above 50. 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 0.5305 and 0.5296).

Supports and resistances

0.5639 **

0.5581 *

0.5523 **

0.5465

0.5340 last

0.5301

0.5263 **

0.5166 *

0.5108 **

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