XRP / Dollar may rise to 0.5335 - 0.5397

0.5125 is our pivot point.

Our preference

As long as 0.5125 is support look for 0.5397.

Alternative scenario

Below 0.5125, expect 0.5020 and 0.4958.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5208 and 0.5200).

Supports and resistances

0.5522 **

0.5460 *

0.5397 **

0.5335

0.5210 last

0.5166

0.5125 **

0.5020 *

0.4958 **

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