XRP / Dollar may rise to 0.5116 - 0.5176

0.4917 is our pivot point.

Our preference

The upside prevails as long as 0.4917 is support.

Alternative scenario

Below 0.4917, expect 0.4816 and 0.4757.

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 trading above both its 20 and 50 period moving average (respectively at 0.4988 and 0.4964).

Supports and resistances

0.5295 **

0.5235 *

0.5176 **

0.5116

0.4996 last

0.4956

0.4917 **

0.4816 *

0.4757 **

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