XRP / Dollar may rise to 0.6197 - 0.6302

Our pivot point stands at 0.5839.

Our preference

As long as 0.5839 is support look for 0.6302.

Alternative scenario

The downside breakout of 0.5839 would call for 0.5664 and 0.5559.

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 0.5954 and 0.5820).

Supports and resistances

0.6511 **

0.6406 *

0.6302 **

0.6197

0.5983 last

0.5908

0.5839 **

0.5664 *

0.5559 **

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