XRP / Dollar may fall to 0.5232 - 0.5289

Our pivot point stands at 0.5478.

Our preference

The downside prevails as long as 0.5478 is resistance.

Alternative scenario

The upside breakout of 0.5478, would call for 0.5573 and 0.5630.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5441 and 0.5456).

Supports and resistances

0.5630 **

0.5573 *

0.5478 **

0.5441

0.5402 last

0.5289

0.5232 **

0.5175 *

0.5118 **

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