XRP / Dollar may rise to 0.5388 - 0.5451

Our pivot point stands at 0.5169.

Our preference

As long as 0.5169 is support look for 0.5451.

Alternative scenario

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

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 trading above both its 20 and 50 period moving average (respectively at 0.5256 and 0.5248).

Supports and resistances

0.5577 **

0.5514 *

0.5451 **

0.5388

0.5262 last

0.5210

0.5169 **

0.5063 *

0.5000 **

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