RIPPLE - XRP/USDT - 1H - Technical analysis published on 11/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.387911 USDT
My targets
0.374520 USDT (-2.60%)
0.367500 USDT (-4.42%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RIPPLE - XRP/USDT as long as the price remains well below 0.387911 USDT. The next bearish objective for sellers is set at 0.374520 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.367500 USDT. If there is any crossing, the next objective would be the support located at 0.344233 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.2
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USDT price is 0.384500 USDT. On the day, this instrument lost -2.95% and was between 0.373800 USDT and 0.399000 USDT. This implies that the price is at +2.86% from its lowest and at -3.63% from its highest.0.373800
0.399000
0.384500
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this RIPPLE - XRP/USDT chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.344233 | 0.367500 | 0.374520 | 0.384500 | 0.387911 | 0.399000 | 0.421667 |
| Change (%) | -10.47% | -4.42% | -2.60% | - | +0.89% | +3.77% | +9.67% |
| Change | -0.040267 | -0.017000 | -0.009980 | - | +0.003411 | +0.014500 | +0.037167 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.377133 | 0.386067 | 0.391133 | 0.400067 | 0.405133 | 0.414067 | 0.419133 |
| Camarilla | 0.392350 | 0.393633 | 0.394917 | 0.396200 | 0.397483 | 0.398767 | 0.400050 |
| Woodie | 0.375200 | 0.385100 | 0.389200 | 0.399100 | 0.403200 | 0.413100 | 0.417200 |
| Fibonacci | 0.386067 | 0.391415 | 0.394719 | 0.400067 | 0.405415 | 0.408719 | 0.414067 |
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 | 0.305733 | 0.366767 | 0.415633 | 0.476667 | 0.525533 | 0.586567 | 0.635433 |
| Camarilla | 0.434278 | 0.444352 | 0.454426 | 0.464500 | 0.474574 | 0.484648 | 0.494723 |
| Woodie | 0.299650 | 0.363725 | 0.409550 | 0.473625 | 0.519450 | 0.583525 | 0.629350 |
| Fibonacci | 0.366767 | 0.408749 | 0.434685 | 0.476667 | 0.518649 | 0.544585 | 0.586567 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.94 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -4.265096 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.380275 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.374080 | |
| Elder Ray (13): | 0.000300 | |
| Super Trend (3,10): | 0.390586 | |
| Zig ZAG (10): | 0.383600 | |
| VORTEX (21): | 0.8177 | |
| Stochastique (14,3,5): | 80.94 | |
| TEMA (21): | 0.380786 | |
| Williams %R (14): | -26.28 | |
| Chande Momentum Oscillator (20): | 0.001400 | |
| Repulse (5,40,3): | 0.6753 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1645 | |
| Courbe Coppock: | 0.16 |
| MA7: | 0.392071 | |
| MA20: | 0.378705 | |
| MA50: | 0.432484 | |
| MA100: | 0.414260 | |
| MAexp7: | 0.383599 | |
| MAexp20: | 0.384952 | |
| MAexp50: | 0.390676 | |
| MAexp100: | 0.392190 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | +1.53% | |
| Price / MA50: | -11.09% | |
| Price / MA100: | -7.18% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -1.58% | |
| Price / MAexp100: | -1.96% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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