XRP / Dollar may fall to 0.4773 - 0.4832

Our pivot point stands at 0.5040.

Our preference

Under pressure below 0.5040.

Alternative scenario

Above 0.5040, look for 0.5140 and 0.5199.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.4984 and 0.4966). Finally, the XRP / Dollar is trading below its lower Bollinger band (standing at 0.4957).

Supports and resistances

0.5199 **

0.5140 *

0.5040 **

0.5001

0.4951 last

0.4832

0.4773 **

0.4714 *

0.4654 **

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