XRP / Dollar may rise to 0.4995 - 0.5048

Our pivot point stands at 0.4819.

Our preference

Rebound towards 0.5048.

Alternative scenario

The downside breakout of 0.4819 would call for 0.4730 and 0.4677.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4891 and 0.4902).

Supports and resistances

0.5153 **

0.5100 *

0.5048 **

0.4995

0.4889 last

0.4854

0.4819 **

0.4730 *

0.4677 **

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