XRP / Dollar may rise to 0.5407 - 0.5470

Our pivot point is at 0.5169.

Our preference

As long as 0.5169 is support look for 0.5470.

Alternative scenario

The downside breakout of 0.5169 would call for 0.5063 and 0.5000.

Comment

The RSI is above 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 0.5259 and 0.5226).

Supports and resistances

0.5596 **

0.5533 *

0.5470 **

0.5407

0.5271 last

0.5210

0.5169 **

0.5063 *

0.5000 **

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