XRP / Dollar may fall to 0.4666 - 0.4718

Our pivot point stands at 0.4899.

Our preference

The downside prevails as long as 0.4899 is resistance.

Alternative scenario

The upside breakout of 0.4899, would call for 0.4986 and 0.5039.

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 0.4846 and 0.4867).

Supports and resistances

0.5039 **

0.4986 *

0.4899 **

0.4865

0.4826 last

0.4718

0.4666 **

0.4614 *

0.4562 **

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