XRP / Dollar may fall to 0.5280 - 0.5377

Our pivot point stands at 0.5700.

Our preference

The downside prevails as long as 0.5700 is resistance.

Alternative scenario

The upside breakout of 0.5700, would call for 0.5863 and 0.5961.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5659 and 0.5644). Finally, the XRP / Dollar is trading below its lower Bollinger band (standing at 0.5588).

Supports and resistances

0.5961 **

0.5863 *

0.5700 **

0.5636

0.5572 last

0.5377

0.5280 **

0.5182 *

0.5085 **

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