XRP / Dollar may fall to 0.4998 - 0.5060

0.5278 is our pivot point.

Our preference

The downside prevails as long as 0.5278 is resistance.

Alternative scenario

Above 0.5278, look for 0.5383 and 0.5445.

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 0.5204 and 0.5202). Finally, the XRP / Dollar has penetrated its lower Bollinger band (0.5187).

Supports and resistances

0.5445 **

0.5383 *

0.5278 **

0.5237

0.5185 last

0.5060

0.4998 **

0.4936 *

0.4874 **

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