XRP / Dollar may rise to 0.5433 - 0.5496

Our pivot point stands at 0.5217.

Our preference

The upside prevails as long as 0.5217 is support.

Alternative scenario

Below 0.5217, expect 0.5110 and 0.5047.

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 trading above both its 20 and 50 period moving average (respectively at 0.5262 and 0.5255). Finally, the XRP / Dollar has crossed above its upper Bollinger band (0.5291).

Supports and resistances

0.5623 **

0.5560 *

0.5496 **

0.5433

0.5301 last

0.5259

0.5217 **

0.5110 *

0.5047 **

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