RIPPLE - XRP/USD - 1H - Technical analysis published on 05/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 0.202700 USD
My targets
0.187767 USD (-4.64%)
0.181578 USD (-7.78%)
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 0.202700 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.202700 USD. The next bearish objective for sellers is set at 0.187767 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.181578 USD. In case of crossing, the next objective would be the support located at 0.165600 USD. PS: if there is a bullish break in the resistance located at 0.202700 USD 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, 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
1.1
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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
RIPPLE - XRP/USD rating 0.196900 USD. On the day, this instrument lost -0.41% and was between 0.192000 USD and 0.200200 USD. This implies that the price is at +2.55% from its lowest and at -1.65% from its highest.0.192000
0.200200
0.196900
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 bearish. 71.43% 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 several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.136500 | 0.165600 | 0.181578 | 0.196900 | 0.202700 | 0.207700 | 0.213420 |
| Change (%) | -30.68% | -15.90% | -7.78% | - | +2.95% | +5.49% | +8.39% |
| Change | -0.060400 | -0.031300 | -0.015322 | - | +0.005800 | +0.010800 | +0.016520 |
| Level | Minor | Minor | Major | - | Minor | 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 | 0.143833 | 0.161967 | 0.179833 | 0.197967 | 0.215833 | 0.233967 | 0.251833 |
| Camarilla | 0.187800 | 0.191100 | 0.194400 | 0.197700 | 0.201000 | 0.204300 | 0.207600 |
| Woodie | 0.143700 | 0.161900 | 0.179700 | 0.197900 | 0.215700 | 0.233900 | 0.251700 |
| Fibonacci | 0.161967 | 0.175719 | 0.184215 | 0.197967 | 0.211719 | 0.220215 | 0.233967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.187767 | 0.197733 | 0.206967 | 0.216933 | 0.226167 | 0.236133 | 0.245367 |
| Camarilla | 0.210920 | 0.212680 | 0.214440 | 0.216200 | 0.217960 | 0.219720 | 0.221480 |
| Woodie | 0.187400 | 0.197550 | 0.206600 | 0.216750 | 0.225800 | 0.235950 | 0.245000 |
| Fibonacci | 0.197733 | 0.205068 | 0.209599 | 0.216933 | 0.224268 | 0.228799 | 0.236133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.107267 | 0.137833 | 0.174767 | 0.205333 | 0.242267 | 0.272833 | 0.309767 |
| Camarilla | 0.193138 | 0.199325 | 0.205513 | 0.211700 | 0.217888 | 0.224075 | 0.230263 |
| Woodie | 0.110450 | 0.139425 | 0.177950 | 0.206925 | 0.245450 | 0.274425 | 0.312950 |
| Fibonacci | 0.137833 | 0.163618 | 0.179548 | 0.205333 | 0.231118 | 0.247048 | 0.272833 |
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): | 52.98 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -3.456974 | |
| AROON (14): | -71.428573 | |
| DEMA (21): | 0.194667 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.189766 | |
| Elder Ray (13): | 0.002090 | |
| Super Trend (3,10): | 0.200792 | |
| Zig ZAG (10): | 0.196200 | |
| VORTEX (21): | 1.1286 | |
| Stochastique (14,3,5): | 53.66 | |
| TEMA (21): | 0.195890 | |
| Williams %R (14): | -36.59 | |
| Chande Momentum Oscillator (20): | -0.001900 | |
| Repulse (5,40,3): | -0.0290 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1311 | |
| Courbe Coppock: | 1.05 |
| MA7: | 0.211100 | |
| MA20: | 0.208840 | |
| MA50: | 0.192634 | |
| MA100: | 0.215007 | |
| MAexp7: | 0.195834 | |
| MAexp20: | 0.196859 | |
| MAexp50: | 0.201426 | |
| MAexp100: | 0.206853 | |
| Price / MA7: | -6.73% | |
| Price / MA20: | -5.72% | |
| Price / MA50: | +2.21% | |
| Price / MA100: | -8.42% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -2.25% | |
| Price / MAexp100: | -4.81% |
This member declared not having a position on this financial instrument or a related financial instrument.
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