XRP / Dollar may fall to 0.5326 - 0.5425

Our pivot point is at 0.5769.

Our preference

The downside prevails as long as 0.5769 is resistance.

Alternative scenario

Above 0.5769, look for 0.5934 and 0.6033.

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 is trading under both its 20 and 50 period moving average (respectively at 0.5713 and 0.5690). Finally, the XRP / Dollar is trading below its lower Bollinger band (standing at 0.5646).

Supports and resistances

0.6033 **

0.5934 *

0.5769 **

0.5704

0.5621 last

0.5425

0.5326 **

0.5228 *

0.5130 **

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