XRP / Dollar may fall to 0.5125 - 0.5178

Our pivot point stands at 0.5358.

Our preference

The downside prevails as long as 0.5358 is resistance.

Alternative scenario

The upside breakout of 0.5358, would call for 0.5447 and 0.5500.

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 0.5308 and 0.5297).

Supports and resistances

0.5500 **

0.5447 *

0.5358 **

0.5323

0.5283 last

0.5178

0.5125 **

0.5072 *

0.5019 **

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