XRP / Dollar may rise to 0.5477 - 0.5530

Our pivot point stands at 0.5293.

Our preference

As long as 0.5293 is support look for 0.5530.

Alternative scenario

Below 0.5293, expect 0.5205 and 0.5152.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.5365) but above its 50 period moving average (0.5305).

Supports and resistances

0.5635 **

0.5583 *

0.5530 **

0.5477

0.5363 last

0.5328

0.5293 **

0.5205 *

0.5152 **

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