XRP / Dollar may rise to 0.5451 - 0.5504

0.5263 is our pivot point.

Our preference

Rebound towards 0.5504.

Alternative scenario

The downside breakout of 0.5263 would call for 0.5173 and 0.5120.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.5334) but under its 50 period moving average (0.5397).

Supports and resistances

0.5611 **

0.5558 *

0.5504 **

0.5451

0.5343 last

0.5298

0.5263 **

0.5173 *

0.5120 **

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