RIPPLE - XRP/USDT - Daily - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.537600 USDT
My targets
0.503128 USDT (-4.01%)
0.478749 USDT (-8.66%)
My analysis
RIPPLE - XRP/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.537600 USDT. The next support located at 0.503128 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.478749 USDT. Below this support, sellers could then target 0.422150 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.6
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USDT rating 0.524130 USDT. The price is lower by -0.24% since the last closing and was between 0.517208 USDT and 0.535998 USDT. This implies that the price is at +1.34% from its lowest and at -2.21% from its highest.0.517208
0.535998
0.524130
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
Technical analysis of this Daily chart of RIPPLE - XRP/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.422150 | 0.478749 | 0.503128 | 0.524130 | 0.537600 | 0.617388 | 0.671894 |
| Change (%) | -19.46% | -8.66% | -4.01% | - | +2.57% | +17.79% | +28.19% |
| Change | -0.101980 | -0.045381 | -0.021002 | - | +0.013470 | +0.093258 | +0.147764 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Intermediate |
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 | 0.496165 | 0.504929 | 0.515157 | 0.523921 | 0.534149 | 0.542913 | 0.553141 |
| Camarilla | 0.520162 | 0.521903 | 0.523644 | 0.525385 | 0.527126 | 0.528867 | 0.530608 |
| Woodie | 0.496897 | 0.505295 | 0.515889 | 0.524287 | 0.534881 | 0.543279 | 0.553873 |
| Fibonacci | 0.504929 | 0.512184 | 0.516666 | 0.523921 | 0.531176 | 0.535658 | 0.542913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.419315 | 0.441559 | 0.485460 | 0.507704 | 0.551605 | 0.573849 | 0.617750 |
| Camarilla | 0.511170 | 0.517233 | 0.523297 | 0.529360 | 0.535423 | 0.541487 | 0.547550 |
| Woodie | 0.430143 | 0.446973 | 0.496288 | 0.513118 | 0.562433 | 0.579263 | 0.628578 |
| Fibonacci | 0.441559 | 0.466827 | 0.482437 | 0.507704 | 0.532972 | 0.548582 | 0.573849 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.386825 | 0.477907 | 0.553536 | 0.644618 | 0.720247 | 0.811329 | 0.886958 |
| Camarilla | 0.583321 | 0.598602 | 0.613884 | 0.629166 | 0.644448 | 0.659730 | 0.675012 |
| Woodie | 0.379100 | 0.474044 | 0.545811 | 0.640755 | 0.712522 | 0.807466 | 0.879233 |
| Fibonacci | 0.477907 | 0.541590 | 0.580934 | 0.644618 | 0.708301 | 0.747645 | 0.811329 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.64 | |
| MACD (12,26,9): | -0.0179 | |
| Directional Movement: | -7.333054 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.515798 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.560303 | |
| Elder Ray (13): | -0.005223 | |
| Super Trend (3,10): | 0.609374 | |
| Zig ZAG (10): | 0.522608 | |
| VORTEX (21): | 0.9311 | |
| Stochastique (14,3,5): | 55.94 | |
| TEMA (21): | 0.511231 | |
| Williams %R (14): | -33.56 | |
| Chande Momentum Oscillator (20): | 0.021115 | |
| Repulse (5,40,3): | -1.2509 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5700 | |
| Courbe Coppock: | 13.05 |
| MA7: | 0.533052 | |
| MA20: | 0.540123 | |
| MA50: | 0.590930 | |
| MA100: | 0.569242 | |
| MAexp7: | 0.528063 | |
| MAexp20: | 0.541035 | |
| MAexp50: | 0.566003 | |
| MAexp100: | 0.573748 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -2.96% | |
| Price / MA50: | -11.30% | |
| Price / MA100: | -7.92% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | -3.12% | |
| Price / MAexp50: | -7.40% | |
| Price / MAexp100: | -8.65% |
Quotes :
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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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