XRP / Dollar may fall to 0.3853 - 0.4224

0.5457 is our pivot point.

Our preference

The downside prevails as long as 0.5457 is resistance.

Alternative scenario

The upside breakout of 0.5457, would call for 0.6081 and 0.6453.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5182 and 0.5193).

Supports and resistances

0.6453 **

0.6081 *

0.5457 **

0.5212

0.4967 last

0.4224

0.3853 **

0.3481 *

0.3110 **

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