XRP / Dollar may rise to 0.5480 - 0.5538

Our pivot point is at 0.5287.

Our preference

As long as 0.5287 is support look for 0.5538.

Alternative scenario

The downside breakout of 0.5287 would call for 0.5189 and 0.5131.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5360 and 0.5336).

Supports and resistances

0.5654 **

0.5596 *

0.5538 **

0.5480

0.5364 last

0.5325

0.5287 **

0.5189 *

0.5131 **

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