XRP / Dollar may rise to 0.6331 - 0.6400

Our pivot point stands at 0.5985.

Our preference

As long as 0.5985 is support look for 0.6400.

Alternative scenario

Below 0.5985, expect 0.5872 and 0.5805.

Comment

The RSI is above 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 0.6110 and 0.5766).

Supports and resistances

0.6537 **

0.6468 *

0.6400 **

0.6331

0.6138 last

0.6029

0.5985 **

0.5872 *

0.5805 **

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