XRP / Dollar may rise to 0.5403 - 0.5456

Our pivot point stands at 0.5222.

Our preference

As long as 0.5222 is support look for 0.5456.

Alternative scenario

Below 0.5222, expect 0.5133 and 0.5080.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5286 and 0.5257).

Supports and resistances

0.5562 **

0.5509 *

0.5456 **

0.5403

0.5296 last

0.5257

0.5222 **

0.5133 *

0.5080 **

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