XRP / Dollar may rise to 0.5888 - 0.5987

0.5558 is our pivot point.

Our preference

Rebound towards 0.5987.

Alternative scenario

The downside breakout of 0.5558 would call for 0.5392 and 0.5292.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5705 and 0.5745).

Supports and resistances

0.6186 **

0.6087 *

0.5987 **

0.5888

0.5690 last

0.5624

0.5558 **

0.5392 *

0.5292 **

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