XRP / Dollar may rise to 0.6216 - 0.6321

Our pivot point is at 0.5862.

Our preference

The upside prevails as long as 0.5862 is support.

Alternative scenario

The downside breakout of 0.5862 would call for 0.5685 and 0.5579.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5992 and 0.5990).

Supports and resistances

0.6532 **

0.6427 *

0.6321 **

0.6216

0.6004 last

0.5931

0.5862 **

0.5685 *

0.5579 **

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