XRP / Dollar may rise to 0.6610 - 0.6682

Our pivot point stands at 0.6342.

Our preference

As long as 0.6342 is support look for 0.6682.

Alternative scenario

The downside breakout of 0.6342 would call for 0.6222 and 0.6151.

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 trading above both its 20 and 50 period moving average (respectively at 0.6400 and 0.6270).

Supports and resistances

0.6825 **

0.6753 *

0.6682 **

0.6610

0.6464 last

0.6389

0.6342 **

0.6222 *

0.6151 **

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