XRP / Dollar may rise to 0.4982 - 0.5024

0.4838 is our pivot point.

Our preference

Rebound towards 0.5024.

Alternative scenario

The downside breakout of 0.4838 would call for 0.4767 and 0.4724.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (0.4893) but below its 50 period moving average (0.4930).

Supports and resistances

0.5109 **

0.5067 *

0.5024 **

0.4982

0.4896 last

0.4866

0.4838 **

0.4767 *

0.4724 **

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