XRP / Dollar may fall to 0.5149 - 0.5202

Our pivot point is at 0.5381.

Our preference

The downside prevails as long as 0.5381 is resistance.

Alternative scenario

Above 0.5381, look for 0.5470 and 0.5523.

Comment

The RSI is below its neutrality area at 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 0.5328 and 0.5355).

Supports and resistances

0.5523 **

0.5470 *

0.5381 **

0.5345

0.5310 last

0.5202

0.5149 **

0.5095 *

0.5042 **

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