XRP / Dollar may fall to 0.5666 - 0.5731

0.6000 is our pivot point.

Our preference

Under pressure below 0.6000.

Alternative scenario

The upside breakout of 0.6000, would call for 0.6110 and 0.6175.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5955 and 0.5909). Finally, the XRP / Dollar has penetrated its lower Bollinger band (0.5894).

Supports and resistances

0.6175 **

0.6110 *

0.6000 **

0.5957

0.5879 last

0.5731

0.5666 **

0.5601 *

0.5536 **

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