XRP / Dollar may rise to 0.5878 - 0.5977

Our pivot point is at 0.5539.

Our preference

As long as 0.5539 is support look for 0.5977.

Alternative scenario

Below 0.5539, expect 0.5372 and 0.5273.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5669 and 0.5655).

Supports and resistances

0.6175 **

0.6076 *

0.5977 **

0.5878

0.5675 last

0.5604

0.5539 **

0.5372 *

0.5273 **

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