XRP / Dollar may fall to 0.5617 - 0.5722

Our pivot point is at 0.6075.

Our preference

Target 0.5617.

Alternative scenario

The upside breakout of 0.6075, would call for 0.6250 and 0.6355.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5929 and 0.5909).

Supports and resistances

0.6355 **

0.6250 *

0.6075 **

0.6006

0.5930 last

0.5722

0.5617 **

0.5513 *

0.5408 **

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