XRP / Dollar may rise to 0.5035 - 0.5078

Our pivot point stands at 0.4889.

Our preference

The upside prevails as long as 0.4889 is support.

Alternative scenario

Below 0.4889, expect 0.4817 and 0.4774.

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 0.4927 and 0.4898).

Supports and resistances

0.5165 **

0.5121 *

0.5078 **

0.5035

0.4947 last

0.4918

0.4889 **

0.4817 *

0.4774 **

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