XRP / Dollar may rise to 0.4962 - 0.5004

Our pivot point stands at 0.4813.

Our preference

As long as 0.4813 is support look for 0.5004.

Alternative scenario

The downside breakout of 0.4813 would call for 0.4741 and 0.4699.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.4878) but above its 50 period moving average (0.4873).

Supports and resistances

0.5089 **

0.5046 *

0.5004 **

0.4962

0.4875 last

0.4841

0.4813 **

0.4741 *

0.4699 **

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