XRP / Dollar may fall to 0.5124 - 0.5181

0.5378 is our pivot point.

Our preference

Eye 0.5124.

Alternative scenario

The upside breakout of 0.5378, would call for 0.5474 and 0.5532.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under its 20 period moving average (0.5305) but above its 50 period moving average (0.5287).

Supports and resistances

0.5532 **

0.5474 *

0.5378 **

0.5340

0.5297 last

0.5181

0.5124 **

0.5067 *

0.5009 **

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