XRP / Dollar may rise to 0.6126 - 0.6193

0.5897 is our pivot point.

Our preference

Rebound towards 0.6193.

Alternative scenario

The downside breakout of 0.5897 would call for 0.5786 and 0.5720.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5997 and 0.6026).

Supports and resistances

0.6325 **

0.6259 *

0.6193 **

0.6126

0.5987 last

0.5941

0.5897 **

0.5786 *

0.5720 **

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