XRP / Dollar may rise to 0.5357 - 0.5419

0.5142 is our pivot point.

Our preference

The upside prevails as long as 0.5142 is support.

Alternative scenario

The downside breakout of 0.5142 would call for 0.5037 and 0.4975.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5204 and 0.5204). Finally, the XRP / Dollar is trading above its upper Bollinger band (standing at 0.5226).

Supports and resistances

0.5545 **

0.5482 *

0.5419 **

0.5357

0.5227 last

0.5184

0.5142 **

0.5037 *

0.4975 **

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