XRP / Dollar may rise to 0.5660 - 0.5720

Our pivot point stands at 0.5444.

Our preference

The upside prevails as long as 0.5444 is support.

Alternative scenario

Below 0.5444, expect 0.5344 and 0.5284.

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 0.5477 and 0.5421). Finally, the XRP / Dollar has crossed above its upper Bollinger band (0.5529).

Supports and resistances

0.5840 **

0.5780 *

0.5720 **

0.5660

0.5532 last

0.5484

0.5444 **

0.5344 *

0.5284 **

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