RIPPLE - XRP/USD - Daily - Technical analysis published on 04/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.202460 USD
My targets
0.181900 USD (-2.26%)
0.165600 USD (-11.02%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RIPPLE - XRP/USD. As long as you are under the resistance located at 0.202460 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.181900 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.165600 USD as an objective. Crossing it would then enable sellers to target 0.136500 USD. If the resistance 0.202460 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.3
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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/USD rating is 0.186100 USD. The price is lower by -1.22% since the last closing and was traded between 0.185800 USD and 0.191200 USD over the period. The price is currently at +0.16% from its lowest and -2.67% from its highest.0.185800
0.191200
0.186100
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this RIPPLE - XRP/USD chart shows a bearish trend. 78.57% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White morning star
Type : Bullish
Timeframe : Daily
Downside Tasuki gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.136500 | 0.165600 | 0.181900 | 0.186100 | 0.202460 | 0.245400 | 0.275163 |
| Change (%) | -26.65% | -11.02% | -2.26% | - | +8.79% | +31.86% | +47.86% |
| Change | -0.049600 | -0.020500 | -0.004200 | - | +0.016360 | +0.059300 | +0.089063 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.176067 | 0.179133 | 0.183767 | 0.186833 | 0.191467 | 0.194533 | 0.199167 |
| Camarilla | 0.186283 | 0.186988 | 0.187694 | 0.188400 | 0.189106 | 0.189812 | 0.190518 |
| Woodie | 0.176850 | 0.179525 | 0.184550 | 0.187225 | 0.192250 | 0.194925 | 0.199950 |
| Fibonacci | 0.179133 | 0.182075 | 0.183892 | 0.186833 | 0.189775 | 0.191592 | 0.194533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003279 | 0.004440 | 0.006679 | 0.007840 | 0.010079 | 0.011240 | 0.013479 |
| Camarilla | 0.007984 | 0.008296 | 0.008607 | 0.008919 | 0.009231 | 0.009542 | 0.009854 |
| Woodie | 0.003819 | 0.004710 | 0.007219 | 0.008110 | 0.010619 | 0.011510 | 0.014019 |
| Fibonacci | 0.004440 | 0.005739 | 0.006541 | 0.007840 | 0.009139 | 0.009941 | 0.011240 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.192767 | 0.241133 | 0.211467 | 0.259833 | 0.230167 | 0.278533 | 0.248867 |
| Camarilla | 0.176658 | 0.178372 | 0.180086 | 0.181800 | 0.183514 | 0.185228 | 0.186943 |
| Woodie | 0.153750 | 0.221625 | 0.172450 | 0.240325 | 0.191150 | 0.259025 | 0.209850 |
| Fibonacci | 0.241133 | 0.248277 | 0.252690 | 0.259833 | 0.266977 | 0.271390 | 0.278533 |
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): | 48.72 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | -2.206726 | |
| AROON (14): | 35.714283 | |
| DEMA (21): | 0.199145 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.181500 | |
| Elder Ray (13): | -0.008124 | |
| Super Trend (3,10): | 0.269819 | |
| Zig ZAG (10): | 0.185900 | |
| VORTEX (21): | 0.9970 | |
| Stochastique (14,3,5): | 8.66 | |
| TEMA (21): | 0.205525 | |
| Williams %R (14): | -91.34 | |
| Chande Momentum Oscillator (20): | -0.003700 | |
| Repulse (5,40,3): | -2.7741 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3819 | |
| Courbe Coppock: | 10.36 |
| MA7: | 0.202886 | |
| MA20: | 0.194660 | |
| MA50: | 0.182028 | |
| MA100: | 0.219740 | |
| MAexp7: | 0.198331 | |
| MAexp20: | 0.194007 | |
| MAexp50: | 0.195735 | |
| MAexp100: | 0.207689 | |
| Price / MA7: | -8.27% | |
| Price / MA20: | -4.40% | |
| Price / MA50: | +2.24% | |
| Price / MA100: | -15.31% | |
| Price / MAexp7: | -6.17% | |
| Price / MAexp20: | -4.08% | |
| Price / MAexp50: | -4.92% | |
| Price / MAexp100: | -10.39% |
This member declared not having a position on this financial instrument or a related financial instrument.
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