XRP / Dollar may rise to 0.6434 - 0.6543

Our pivot point is at 0.6060.

Our preference

As long as 0.6060 is support look for 0.6543.

Alternative scenario

The downside breakout of 0.6060 would call for 0.5877 and 0.5768.

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 0.6193 and 0.6135).

Supports and resistances

0.6762 **

0.6653 *

0.6543 **

0.6434

0.6204 last

0.6132

0.6060 **

0.5877 *

0.5768 **

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