XRP / Dollar may fall to 0.5651 - 0.5756

Our pivot point stands at 0.6103.

Our preference

The downside prevails as long as 0.6103 is resistance.

Alternative scenario

The upside breakout of 0.6103, would call for 0.6279 and 0.6384.

Comment

The RSI is below 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 0.5968 and 0.5968).

Supports and resistances

0.6384 **

0.6279 *

0.6103 **

0.6034

0.5965 last

0.5756

0.5651 **

0.5546 *

0.5441 **

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