XRP / Dollar may rise to 0.5970 - 0.6071

Our pivot point is at 0.5619.

Our preference

The upside prevails as long as 0.5619 is support.

Alternative scenario

The downside breakout of 0.5619 would call for 0.5451 and 0.5350.

Comment

The RSI is above its neutrality area at 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 0.5706 and 0.5698).

Supports and resistances

0.6272 **

0.6171 *

0.6071 **

0.5970

0.5764 last

0.5686

0.5619 **

0.5451 *

0.5350 **

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