XRP / Dollar may fall to 0.5051 - 0.5116

Our pivot point stands at 0.5333.

Our preference

The downside prevails as long as 0.5333 is resistance.

Alternative scenario

Above 0.5333, look for 0.5442 and 0.5507.

Comment

The RSI is below its neutrality area at 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 0.5274 and 0.5277).

Supports and resistances

0.5507 **

0.5442 *

0.5333 **

0.5290

0.5247 last

0.5116

0.5051 **

0.4986 *

0.4921 **

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