XRP / Dollar may rise to 0.5099 - 0.5159

0.4897 is our pivot point.

Our preference

The upside prevails as long as 0.4897 is support.

Alternative scenario

The downside breakout of 0.4897 would call for 0.4797 and 0.4737.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4957 and 0.4944).

Supports and resistances

0.5278 **

0.5218 *

0.5159 **

0.5099

0.4976 last

0.4936

0.4897 **

0.4797 *

0.4737 **

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