XRP / Dollar may rise to 0.5604 - 0.5661

0.5408 is our pivot point.

Our preference

As long as 0.5408 is support look for 0.5661.

Alternative scenario

Below 0.5408, expect 0.5311 and 0.5253.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.5492) but above its 50 period moving average (0.5458).

Supports and resistances

0.5777 **

0.5719 *

0.5661 **

0.5604

0.5488 last

0.5446

0.5408 **

0.5311 *

0.5253 **

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