XRP / Dollar may rise to 0.6284 - 0.6390

0.5881 is our pivot point.

Our preference

The upside prevails as long as 0.5881 is support.

Alternative scenario

The downside breakout of 0.5881 would call for 0.5704 and 0.5599.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5883 and 0.5775).

Supports and resistances

0.6602 **

0.6496 *

0.6390 **

0.6284

0.6020 last

0.5950

0.5881 **

0.5704 *

0.5599 **

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