XRP / Dollar may fall to 0.5036 - 0.5099

Our pivot point stands at 0.5317.

Our preference

The downside prevails as long as 0.5317 is resistance.

Alternative scenario

Above 0.5317, look for 0.5422 and 0.5485.

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 stands below its 20 and 50 period moving average (respectively at 0.5254 and 0.5268). Finally, the XRP / Dollar is trading below its lower Bollinger band (standing at 0.5232).

Supports and resistances

0.5485 **

0.5422 *

0.5317 **

0.5275

0.5230 last

0.5099

0.5036 **

0.4974 *

0.4911 **

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