RIPPLE - XRP/USDT - 1H - Technical analysis published on 11/25/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
33%
6%
61%
My opinion
Bearish under 0.221800 USDT
My targets
0.215167 USDT (-2.02%)
0.196433 USDT (-10.55%)
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 0.221800 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 0.221800 USDT. The next bearish objective for sellers is set at 0.215167 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.196433 USDT. In case of crossing, the next objective would be the support located at 0.171067 USDT. PS: if there is a bullish break in the resistance located at 0.221800 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 sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USDT rating is 0.219600 USDT. The price is lower by -0.23% since the last closing and was between 0.201300 USDT and 0.224700 USDT. This implies that the price is at +9.09% from its lowest and at -2.27% from its highest.0.201300
0.224700
0.219600
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USDT indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 11 are neutral and 1 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.219600 | 0.221800 | 0.233100 | 0.245790 |
| Change (%) | - | +1.00% | +6.15% | +11.93% |
| Change | - | +0.002200 | +0.013500 | +0.026190 |
| Level | - | Intermediate | Intermediate | Minor |
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 | 0.198900 | 0.208900 | 0.214500 | 0.224500 | 0.230100 | 0.240100 | 0.245700 |
| Camarilla | 0.215810 | 0.217240 | 0.218670 | 0.220100 | 0.221530 | 0.222960 | 0.224390 |
| Woodie | 0.196700 | 0.207800 | 0.212300 | 0.223400 | 0.227900 | 0.239000 | 0.243500 |
| Fibonacci | 0.208900 | 0.214859 | 0.218541 | 0.224500 | 0.230459 | 0.234141 | 0.240100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.171067 | 0.196433 | 0.215167 | 0.240533 | 0.259267 | 0.284633 | 0.303367 |
| Camarilla | 0.221773 | 0.225815 | 0.229858 | 0.233900 | 0.237943 | 0.241985 | 0.246028 |
| Woodie | 0.167750 | 0.194775 | 0.211850 | 0.238875 | 0.255950 | 0.282975 | 0.300050 |
| Fibonacci | 0.196433 | 0.213280 | 0.223687 | 0.240533 | 0.257380 | 0.267787 | 0.284633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.183900 | 0.213000 | 0.253700 | 0.282800 | 0.323500 | 0.352600 | 0.393300 |
| Camarilla | 0.275205 | 0.281603 | 0.288002 | 0.294400 | 0.300798 | 0.307197 | 0.313595 |
| Woodie | 0.189700 | 0.215900 | 0.259500 | 0.285700 | 0.329300 | 0.355500 | 0.399100 |
| Fibonacci | 0.213000 | 0.239664 | 0.256136 | 0.282800 | 0.309464 | 0.325936 | 0.352600 |
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): | 49.70 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -1.275320 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.217853 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.224574 | |
| Elder Ray (13): | -0.000097 | |
| Super Trend (3,10): | 0.209813 | |
| Zig ZAG (10): | 0.219000 | |
| VORTEX (21): | 1.0184 | |
| Stochastique (14,3,5): | 67.79 | |
| TEMA (21): | 0.219959 | |
| Williams %R (14): | -34.84 | |
| Chande Momentum Oscillator (20): | 0.006500 | |
| Repulse (5,40,3): | -0.1679 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0777 | |
| Courbe Coppock: | 9.19 |
| MA7: | 0.235943 | |
| MA20: | 0.260530 | |
| MA50: | 0.277272 | |
| MA100: | 0.269898 | |
| MAexp7: | 0.219912 | |
| MAexp20: | 0.218770 | |
| MAexp50: | 0.221897 | |
| MAexp100: | 0.227933 | |
| Price / MA7: | -6.93% | |
| Price / MA20: | -15.71% | |
| Price / MA50: | -20.80% | |
| Price / MA100: | -18.64% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -3.66% |
This member declared not having a position on this financial instrument or a related financial instrument.
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