XRP / Dollar may fall to 0.4737 - 0.4779

Our pivot point is at 0.4956.

Our preference

The downside prevails as long as 0.4956 is resistance.

Alternative scenario

Above 0.4956, look for 0.5028 and 0.5070.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4889 and 0.4917).

Supports and resistances

0.5070 **

0.5028 *

0.4956 **

0.4928

0.4868 last

0.4779

0.4737 **

0.4695 *

0.4653 **

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