XRP / Dollar may fall to 0.5047 - 0.5112

0.5344 is our pivot point.

Our preference

The downside prevails as long as 0.5344 is resistance.

Alternative scenario

Above 0.5344, look for 0.5453 and 0.5519.

Comment

The RSI is below its neutrality area at 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 0.5279 and 0.5277).

Supports and resistances

0.5519 **

0.5453 *

0.5344 **

0.5301

0.5242 last

0.5112

0.5047 **

0.4982 *

0.4917 **

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