XRP / Dollar may rise to 0.5336 - 0.5399

Our pivot point stands at 0.5125.

Our preference

As long as 0.5125 is support look for 0.5399.

Alternative scenario

The downside breakout of 0.5125 would call for 0.5020 and 0.4958.

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 0.5205 and 0.5196).

Supports and resistances

0.5524 **

0.5461 *

0.5399 **

0.5336

0.5208 last

0.5166

0.5125 **

0.5020 *

0.4958 **

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