XRP / Dollar may rise to 0.5468 - 0.5526

Our pivot point stands at 0.5273.

Our preference

The upside prevails as long as 0.5273 is support.

Alternative scenario

The downside breakout of 0.5273 would call for 0.5175 and 0.5118.

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 0.5310 and 0.5302).

Supports and resistances

0.5642 **

0.5584 *

0.5526 **

0.5468

0.5352 last

0.5311

0.5273 **

0.5175 *

0.5118 **

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