XRP / Dollar may rise to 0.4967 - 0.5009

Our pivot point is at 0.4822.

Our preference

As long as 0.4822 is support look for 0.5009.

Alternative scenario

The downside breakout of 0.4822 would call for 0.4750 and 0.4708.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4876 and 0.4868).

Supports and resistances

0.5094 **

0.5052 *

0.5009 **

0.4967

0.4880 last

0.4850

0.4822 **

0.4750 *

0.4708 **

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