RIPPLE - XRP/USD
RIPPLE - XRP/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 04/21/2020 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 0.184967 USD
My targets
0.178600 USD (-2.35%)
0.174300 USD (-4.70%)
My analysis
RIPPLE - XRP/USD 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 0.184967 USD. The next support located at 0.178600 USD 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 0.174300 USD. Below this support, sellers could then target 0.165600 USD. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD price is 0.182900 USD. On the day, this instrument gained +0.61% and was between 0.181500 USD and 0.185400 USD. This implies that the price is at +0.77% from its lowest and at -1.35% from its highest.

0.181500
0.185400
0.182900

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:

Technical


Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bearish. 92.86% 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 is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.174300 0.178600 0.181900 0.182900 0.184967 0.188708 0.193520
Change (%) -4.70% -2.35% -0.55% - +1.13% +3.18% +5.81%
Change -0.008600 -0.004300 -0.001000 - +0.002067 +0.005808 +0.010620
Level Major Minor Major - Minor Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2689000.2792000.2876000.2979000.3063000.3166000.325000
Camarilla0.2908580.2925720.2942860.2960000.2977140.2994280.301143
Woodie0.2679500.2787250.2866500.2974250.3053500.3161250.324050
Fibonacci0.2792000.2863430.2907570.2979000.3050430.3094570.316600


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0032790.0044400.0066790.0078400.0100790.0112400.013479
Camarilla0.0079840.0082960.0086070.0089190.0092310.0095420.009854
Woodie0.0038190.0047100.0072190.0081100.0106190.0115100.014019
Fibonacci0.0044400.0057390.0065410.0078400.0091390.0099410.011240


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1927670.2411330.2114670.2598330.2301670.2785330.248867
Camarilla0.1766580.1783720.1800860.1818000.1835140.1852280.186943
Woodie0.1537500.2216250.1724500.2403250.1911500.2590250.209850
Fibonacci0.2411330.2482770.2526900.2598330.2669770.2713900.278533

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): 42.47
MACD (12,26,9): -0.0013
Directional Movement: -12.243779
AROON (14): 50.000000
DEMA (21): 0.182644
Parabolic SAR (0,02-0,02-0,2): 0.181284
Elder Ray (13): -0.001012
Super Trend (3,10): 0.188702
Zig ZAG (10): 0.182900
VORTEX (21): 0.8231
Stochastique (14,3,5): 36.31
TEMA (21): 0.182855
Williams %R (14): -88.73
Chande Momentum Oscillator (20): 0.000100
Repulse (5,40,3): -1.8499
ROCnROLL: 2
TRIX (15,9): -0.1308
Courbe Coppock: 0.71
MA7: 0.203486
MA20: 0.193955
MA50: 0.184004
MA100: 0.220676
MAexp7: 0.183831
MAexp20: 0.184516
MAexp50: 0.186960
MAexp100: 0.188293
Price / MA7: -10.12%
Price / MA20: -5.70%
Price / MA50: -0.60%
Price / MA100: -17.12%
Price / MAexp7: -0.51%
Price / MAexp20: -0.88%
Price / MAexp50: -2.17%
Price / MAexp100: -2.86%

This member declared not having a position on this financial instrument or a related financial instrument.

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