XRP / Dollar may rise to 0.5592 - 0.5650

Our pivot point stands at 0.5399.

Our preference

As long as 0.5399 is support look for 0.5650.

Alternative scenario

The downside breakout of 0.5399 would call for 0.5302 and 0.5244.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5463 and 0.5435).

Supports and resistances

0.5765 **

0.5707 *

0.5650 **

0.5592

0.5475 last

0.5437

0.5399 **

0.5302 *

0.5244 **

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