XRP / Dollar may fall to 0.5046 - 0.5108

Our pivot point is at 0.5324.

Our preference

The downside prevails as long as 0.5324 is resistance.

Alternative scenario

The upside breakout of 0.5324, would call for 0.5429 and 0.5492.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5249 and 0.5266).

Supports and resistances

0.5492 **

0.5429 *

0.5324 **

0.5282

0.5238 last

0.5108

0.5046 **

0.4983 *

0.4920 **

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