XRP / Dollar may rise to 0.4840 - 0.4877

0.4718 is our pivot point.

Our preference

Look for a drop towards 0.4718 before a bounce.

Alternative scenario

Below 0.4718, expect 0.4656 and 0.4620.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4767 and 0.4763).

Supports and resistances

0.4950 **

0.4913 *

0.4877 **

0.4840

0.4767 last

0.4742

0.4718 **

0.4656 *

0.4620 **

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