XRP / Dollar may rise to 0.6012 - 0.6077

Our pivot point is at 0.5781.

Our preference

The upside prevails as long as 0.5781 is support.

Alternative scenario

The downside breakout of 0.5781 would call for 0.5672 and 0.5607.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5839 and 0.5849).

Supports and resistances

0.6207 **

0.6142 *

0.6077 **

0.6012

0.5882 last

0.5824

0.5781 **

0.5672 *

0.5607 **

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