XRP / Dollar may rise to 0.5496 - 0.5554

Our pivot point stands at 0.5295.

Our preference

The upside prevails as long as 0.5295 is support.

Alternative scenario

The downside breakout of 0.5295 would call for 0.5197 and 0.5139.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5343 and 0.5318).

Supports and resistances

0.5670 **

0.5612 *

0.5554 **

0.5496

0.5374 last

0.5334

0.5295 **

0.5197 *

0.5139 **

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