XRP / Dollar may rise to 0.4924 - 0.4976

Our pivot point stands at 0.4744.

Our preference

The upside prevails as long as 0.4744 is support.

Alternative scenario

The downside breakout of 0.4744 would call for 0.4657 and 0.4605.

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 0.4804 and 0.4814).

Supports and resistances

0.5080 **

0.5028 *

0.4976 **

0.4924

0.4818 last

0.4778

0.4744 **

0.4657 *

0.4605 **

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