XRP / Dollar may fall to 0.5287 - 0.5345

0.5553 is our pivot point.

Our preference

As long as 0.5553 is resistance look for 0.5287.

Alternative scenario

The upside breakout of 0.5553, would call for 0.5650 and 0.5708.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5465 and 0.5462).

Supports and resistances

0.5708 **

0.5650 *

0.5553 **

0.5515

0.5460 last

0.5345

0.5287 **

0.5230 *

0.5172 **

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