XRP / Dollar may fall to 0.5007 - 0.5071

Our pivot point is at 0.5314.

Our preference

As long as 0.5314 is resistance look for 0.5007.

Alternative scenario

Above 0.5314, look for 0.5423 and 0.5488.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (0.5198) but under its 50 period moving average (0.5208).

Supports and resistances

0.5488 **

0.5423 *

0.5314 **

0.5272

0.5203 last

0.5071

0.5007 **

0.4942 *

0.4878 **

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