XRP / Dollar may rise to 0.6183 - 0.6288

0.5827 is our pivot point.

Our preference

Rebound towards 0.6288.

Alternative scenario

The downside breakout of 0.5827 would call for 0.5651 and 0.5547.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.5965) but under its 50 period moving average (0.6018).

Supports and resistances

0.6498 **

0.6393 *

0.6288 **

0.6183

0.5970 last

0.5896

0.5827 **

0.5651 *

0.5547 **

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