XRP / Dollar may rise to 0.5505 - 0.5564

0.5311 is our pivot point.

Our preference

As long as 0.5311 is support look for 0.5564.

Alternative scenario

Below 0.5311, expect 0.5213 and 0.5155.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5382 and 0.5329).

Supports and resistances

0.5681 **

0.5622 *

0.5564 **

0.5505

0.5388 last

0.5350

0.5311 **

0.5213 *

0.5155 **

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