XRP / Dollar may rise to 0.6338 - 0.6446

Our pivot point is at 0.5966.

Our preference

As long as 0.5966 is support look for 0.6446.

Alternative scenario

The downside breakout of 0.5966 would call for 0.5786 and 0.5678.

Comment

The RSI is above its neutrality area at 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 0.6097 and 0.6046).

Supports and resistances

0.6661 **

0.6553 *

0.6446 **

0.6338

0.6118 last

0.6037

0.5966 **

0.5786 *

0.5678 **

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