XRP / Dollar may rise to 0.5040 - 0.5083

Our pivot point stands at 0.4897.

Our preference

The upside prevails as long as 0.4897 is support.

Alternative scenario

The downside breakout of 0.4897 would call for 0.4825 and 0.4782.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4909 and 0.4911).

Supports and resistances

0.5170 **

0.5126 *

0.5083 **

0.5040

0.4954 last

0.4925

0.4897 **

0.4825 *

0.4782 **

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