XRP / Dollar may rise to 0.5986 - 0.6086

Our pivot point stands at 0.5641.

Our preference

As long as 0.5641 is support look for 0.6086.

Alternative scenario

The downside breakout of 0.5641 would call for 0.5472 and 0.5371.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5772 and 0.5755).

Supports and resistances

0.6288 **

0.6187 *

0.6086 **

0.5986

0.5776 last

0.5708

0.5641 **

0.5472 *

0.5371 **

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