XRP / Dollar may fall to 0.4772 - 0.4815

Our pivot point is at 0.4962.

Our preference

The downside prevails as long as 0.4962 is resistance.

Alternative scenario

Above 0.4962, look for 0.5033 and 0.5076.

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 0.5016 and 0.5016).

Supports and resistances

0.5076 **

0.5033 *

0.4962 **

0.4933

0.4902 last

0.4815

0.4772 **

0.4729 *

0.4687 **

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