XRP / Dollar may fall to 0.4694 - 0.4728

0.4845 is our pivot point.

Our preference

The downside prevails as long as 0.4845 is resistance.

Alternative scenario

Above 0.4845, look for 0.4903 and 0.4937.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4822 and 0.4825).

Supports and resistances

0.4937 **

0.4903 *

0.4845 **

0.4823

0.4798 last

0.4728

0.4694 **

0.4659 *

0.4625 **

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