XRP / Dollar may rise to 0.5878 - 0.5977

0.5522 is our pivot point.

Our preference

The upside prevails as long as 0.5522 is support.

Alternative scenario

The downside breakout of 0.5522 would call for 0.5356 and 0.5257.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5633 and 0.5630).

Supports and resistances

0.6175 **

0.6076 *

0.5977 **

0.5878

0.5666 last

0.5587

0.5522 **

0.5356 *

0.5257 **

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