XRP / Dollar may rise to 0.4783 - 0.4826

Our pivot point is at 0.4620.

Our preference

As long as 0.4620 is support look for 0.4826.

Alternative scenario

The downside breakout of 0.4620 would call for 0.4547 and 0.4504.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4672 and 0.4585).

Supports and resistances

0.4913 **

0.4870 *

0.4826 **

0.4783

0.4693 last

0.4649

0.4620 **

0.4547 *

0.4504 **

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