Our pivot point stands at 0.3754.
Our preference: the upside prevails as long as 0.3754 is support.
Alternative scenario: below 0.3754, expect 0.3634 and 0.3562.
Comment: the RSI is above its neutrality area at 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 0.3828 and 0.3829). Finally, the XRP / Dollar is trading above its upper Bollinger band (standing at 0.3848).
Supports and resistances:
0.4209 **
0.4137 *
0.4065 **
0.3993
0.3850 last
0.3802
0.3754 **
0.3634 *
0.3562 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-08-2022 at 02:53 UTC+1
Price reference: 0.3850 last known on 12-08-2022 at 02:53 UTC+1
Investment horizon: INTRADAY
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