XRP / Dollar may rise to 0.5644 - 0.5702

Our pivot point stands at 0.5438.

Our preference

The upside prevails as long as 0.5438 is support.

Alternative scenario

Below 0.5438, expect 0.5340 and 0.5282.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5485 and 0.5449). Finally, the XRP / Dollar is trading above its upper Bollinger band (standing at 0.5521).

Supports and resistances

0.5818 **

0.5760 *

0.5702 **

0.5644

0.5528 last

0.5476

0.5438 **

0.5340 *

0.5282 **

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