RIPPLE - XRP/USDT - Daily - Technical analysis published on 11/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 0.421667 USDT
My targets
0.367500 USDT (-7.24%)
0.344233 USDT (-13.12%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.421667 USDT remains possible. It is advisable to trade RIPPLE - XRP/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.421667 USDT. The next bearish objective for sellers is set at 0.367500 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.344233 USDT. In case of crossing, the next objective would be the support located at 0.316047 USDT. PS: if there is a bullish break in the resistance located at 0.421667 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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Additional analysis
Quotes
The RIPPLE - XRP/USDT rating is 0.396200 USDT. The price registered an increase of +0.00% on the session and was traded between 0.395900 USDT and 0.397200 USDT over the period. The price is currently at +0.08% from its lowest and -0.25% from its highest.0.395900
0.397200
0.396200
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USDT:
Technical
A technical analysis in Daily of this RIPPLE - XRP/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.344233 | 0.367500 | 0.387911 | 0.396200 | 0.421667 | 0.447525 | 0.506167 |
| Change (%) | -13.12% | -7.24% | -2.09% | - | +6.43% | +12.95% | +27.76% |
| Change | -0.051967 | -0.028700 | -0.008289 | - | +0.025467 | +0.051325 | +0.109967 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.368033 | 0.380667 | 0.388433 | 0.401067 | 0.408833 | 0.421467 | 0.429233 |
| Camarilla | 0.390590 | 0.392460 | 0.394330 | 0.396200 | 0.398070 | 0.399940 | 0.401810 |
| Woodie | 0.365600 | 0.379450 | 0.386000 | 0.399850 | 0.406400 | 0.420250 | 0.426800 |
| Fibonacci | 0.380667 | 0.388460 | 0.393274 | 0.401067 | 0.408860 | 0.413674 | 0.421467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.282967 | 0.314533 | 0.355367 | 0.386933 | 0.427767 | 0.459333 | 0.500167 |
| Camarilla | 0.376290 | 0.382927 | 0.389563 | 0.396200 | 0.402837 | 0.409473 | 0.416110 |
| Woodie | 0.287600 | 0.316850 | 0.360000 | 0.389250 | 0.432400 | 0.461650 | 0.504800 |
| Fibonacci | 0.314533 | 0.342190 | 0.359277 | 0.386933 | 0.414590 | 0.431677 | 0.459333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.297333 | 0.362567 | 0.413533 | 0.478767 | 0.529733 | 0.594967 | 0.645933 |
| Camarilla | 0.432545 | 0.443197 | 0.453848 | 0.464500 | 0.475152 | 0.485803 | 0.496455 |
| Woodie | 0.290200 | 0.359000 | 0.406400 | 0.475200 | 0.522600 | 0.591400 | 0.638800 |
| Fibonacci | 0.362567 | 0.406955 | 0.434378 | 0.478767 | 0.523155 | 0.550578 | 0.594967 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.25 | |
| MACD (12,26,9): | -0.0110 | |
| Directional Movement: | -6.627499 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.378277 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.324189 | |
| Elder Ray (13): | 0.005264 | |
| Super Trend (3,10): | 0.451149 | |
| Zig ZAG (10): | 0.396400 | |
| VORTEX (21): | 0.9002 | |
| Stochastique (14,3,5): | 81.03 | |
| TEMA (21): | 0.380084 | |
| Williams %R (14): | -22.89 | |
| Chande Momentum Oscillator (20): | 0.007500 | |
| Repulse (5,40,3): | 1.5974 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6362 | |
| Courbe Coppock: | 7.13 |
| MA7: | 0.389229 | |
| MA20: | 0.379640 | |
| MA50: | 0.435464 | |
| MA100: | 0.413792 | |
| MAexp7: | 0.392198 | |
| MAexp20: | 0.395953 | |
| MAexp50: | 0.414558 | |
| MAexp100: | 0.421467 | |
| Price / MA7: | +1.79% | |
| Price / MA20: | +4.36% | |
| Price / MA50: | -9.02% | |
| Price / MA100: | -4.25% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -4.43% | |
| Price / MAexp100: | -6.00% |
Quotes :
-
Real time data
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