XRP / Dollar may fall to 0.5330 - 0.5429

Our pivot point stands at 0.5791.

Our preference

The downside prevails as long as 0.5791 is resistance.

Alternative scenario

Above 0.5791, look for 0.5957 and 0.6056.

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 0.5693 and 0.5725). Finally, the XRP / Dollar is trading below its lower Bollinger band (standing at 0.5646).

Supports and resistances

0.6056 **

0.5957 *

0.5791 **

0.5726

0.5645 last

0.5429

0.5330 **

0.5232 *

0.5134 **

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