XRP / Dollar may rise to 0.5147 - 0.5201

0.4957 is our pivot point.

Our preference

The upside prevails as long as 0.4957 is support.

Alternative scenario

The downside breakout of 0.4957 would call for 0.4865 and 0.4811.

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 0.4960 and 0.4917).

Supports and resistances

0.5310 **

0.5255 *

0.5201 **

0.5147

0.5028 last

0.4992

0.4957 **

0.4865 *

0.4811 **

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