XRP / Dollar may fall to 0.5387 - 0.5487

0.5825 is our pivot point.

Our preference

The downside prevails as long as 0.5825 is resistance.

Alternative scenario

Above 0.5825, look for 0.5994 and 0.6094.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5708 and 0.5719).

Supports and resistances

0.6094 **

0.5994 *

0.5825 **

0.5759

0.5687 last

0.5487

0.5387 **

0.5287 *

0.5187 **

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