XRP / Dollar may rise to 0.5424 - 0.5478

Our pivot point stands at 0.5246.

Our preference

As long as 0.5246 is support look for 0.5478.

Alternative scenario

Below 0.5246, expect 0.5157 and 0.5104.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5311 and 0.5295).

Supports and resistances

0.5584 **

0.5531 *

0.5478 **

0.5424

0.5317 last

0.5282

0.5246 **

0.5157 *

0.5104 **

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