XRP / Dollar may fall to 0.5613 - 0.5717

0.6063 is our pivot point.

Our preference

The downside prevails as long as 0.6063 is resistance.

Alternative scenario

Above 0.6063, look for 0.6237 and 0.6341.

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 0.5959 and 0.5992).

Supports and resistances

0.6341 **

0.6237 *

0.6063 **

0.5994

0.5925 last

0.5717

0.5613 **

0.5509 *

0.5405 **

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