XRP / Dollar may rise to 0.6223 - 0.6328

Our pivot point stands at 0.5863.

Our preference

As long as 0.5863 is support look for 0.6328.

Alternative scenario

The downside breakout of 0.5863 would call for 0.5686 and 0.5581.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5996 and 0.5977).

Supports and resistances

0.6539 **

0.6434 *

0.6328 **

0.6223

0.6012 last

0.5933

0.5863 **

0.5686 *

0.5581 **

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