XRP / Dollar may rise to 0.6005 - 0.6107

Our pivot point stands at 0.5663.

Our preference

The upside prevails as long as 0.5663 is support.

Alternative scenario

The downside breakout of 0.5663 would call for 0.5493 and 0.5392.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5774 and 0.5743).

Supports and resistances

0.6309 **

0.6208 *

0.6107 **

0.6005

0.5803 last

0.5730

0.5663 **

0.5493 *

0.5392 **

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