XRP / Dollar may rise to 0.5022 - 0.5075

0.4845 is our pivot point.

Our preference

As long as 0.4845 is support look for 0.5075.

Alternative scenario

The downside breakout of 0.4845 would call for 0.4756 and 0.4703.

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 below its 20 period moving average (0.4922) but above its 50 period moving average (0.4865).

Supports and resistances

0.5181 **

0.5128 *

0.5075 **

0.5022

0.4915 last

0.4880

0.4845 **

0.4756 *

0.4703 **

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