XRP / Dollar may rise to 0.5550 - 0.5608

Our pivot point stands at 0.5357.

Our preference

Rebound towards 0.5608.

Alternative scenario

Below 0.5357, expect 0.5261 and 0.5204.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5446 and 0.5502).

Supports and resistances

0.5722 **

0.5665 *

0.5608 **

0.5550

0.5432 last

0.5395

0.5357 **

0.5261 *

0.5204 **

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