XRP/USD may fall 253-375 pips
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 0.8162 and 0.8282).
Our preference: The downside prevails as long as 0.8187 is resistance.
Alternative scenario: Above 0.8187, look for 0.8393 and 0.8516.
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 0.8162 and 0.8282).
Our preference: The downside prevails as long as 0.8187 is resistance.
Alternative scenario: Above 0.8187, look for 0.8393 and 0.8516.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.