XRP / Dollar may fall to 0.4621 - 0.4657

Our pivot point stands at 0.4782.

Our preference

The downside prevails as long as 0.4782 is resistance.

Alternative scenario

Above 0.4782, look for 0.4843 and 0.4879.

Comment

The RSI is below its neutrality area at 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 0.4752 and 0.4759).

Supports and resistances

0.4879 **

0.4843 *

0.4782 **

0.4758

0.4729 last

0.4657

0.4621 **

0.4584 *

0.4548 **

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