Technical analysis
The XRPUSD pair has moved above the mid-line of the daily Bollinger Band indicator. Bulls may start to target the upper daily Bollinger Band during the course of this week.
The daily time frame shows that the RSI indicator has not turned bullish yet and remains below. This is a reason to be slightly cautious despite the overall bullish bias.
What the possible outcomes are
In our most likely scenario, the XRPUSD pair will continue to head higher, and eventually test towards its upper daily Bollinger Band, around the 0.6700 resistance area.
Alternatively, the XRPUSD pair struggles to rally further, and eventually tests back towards the pivotal $0.5500 support level this week.
Key levels
Support $0.5800 $0.5500
Resistance $0.6500 $0.6800
