XRP / Dollar may rise to 0.5595 - 0.5655

Our pivot point stands at 0.5395.

Our preference

As long as 0.5395 is support look for 0.5655.

Alternative scenario

The downside breakout of 0.5395 would call for 0.5295 and 0.5236.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (0.5483) but above its 50 period moving average (0.5435).

Supports and resistances

0.5773 **

0.5714 *

0.5655 **

0.5595

0.5474 last

0.5434

0.5395 **

0.5295 *

0.5236 **

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