XRP / Dollar may rise to 0.6317 - 0.6386

Our pivot point is at 0.6059.

Our preference

As long as 0.6059 is support look for 0.6386.

Alternative scenario

Below 0.6059, expect 0.5944 and 0.5876.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6056 and 0.5608).

Supports and resistances

0.6522 **

0.6454 *

0.6386 **

0.6317

0.6158 last

0.6104

0.6059 **

0.5944 *

0.5876 **

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