XRP / Dollar may rise to 0.5922 - 0.5986

0.5709 is our pivot point.

Our preference

As long as 0.5709 is support look for 0.5986.

Alternative scenario

Below 0.5709, expect 0.5601 and 0.5537.

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 below its 20 period moving average (0.5821) but above its 50 period moving average (0.5622).

Supports and resistances

0.6114 **

0.6050 *

0.5986 **

0.5922

0.5794 last

0.5751

0.5709 **

0.5601 *

0.5537 **

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