XRP / Dollar may fall to 0.5064 - 0.5130

Our pivot point stands at 0.5357.

Our preference

The downside prevails as long as 0.5357 is resistance.

Alternative scenario

Above 0.5357, look for 0.5468 and 0.5534.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5294 and 0.5320).

Supports and resistances

0.5534 **

0.5468 *

0.5357 **

0.5313

0.5262 last

0.5130

0.5064 **

0.4997 *

0.4931 **

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