XRP / Dollar may rise to 0.6226 - 0.6294

Our pivot point is at 0.5951.

Our preference

As long as 0.5951 is support look for 0.6294.

Alternative scenario

The downside breakout of 0.5951 would call for 0.5838 and 0.5772.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.6074) but above its 50 period moving average (0.5530).

Supports and resistances

0.6429 **

0.6361 *

0.6294 **

0.6226

0.6056 last

0.5995

0.5951 **

0.5838 *

0.5772 **

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