RIPPLE - XRP/USD - 1H - Technical analysis published on 05/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.197650 USD
My targets
0.192100 USD (-1.64%)
0.189400 USD (-3.02%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RIPPLE - XRP/USD as long as the price remains well below 0.197650 USD. The sellers” bearish objective is set at 0.192100 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.189400 USD. In case of crossing, the next objective would be the support located at 0.181892 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.6
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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
RIPPLE - XRP/USD rating 0.195300 USD. The price is lower by +1.04% since the last closing and was traded between 0.191700 USD and 0.195800 USD over the period. The price is currently at +1.88% from its lowest and -0.26% from its highest.0.191700
0.195800
0.195300
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Technical
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
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 a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.181892 | 0.189400 | 0.192100 | 0.195300 | 0.197650 | 0.200869 | 0.203025 |
| Change (%) | -6.87% | -3.02% | -1.64% | - | +1.20% | +2.85% | +3.96% |
| Change | -0.013408 | -0.005900 | -0.003200 | - | +0.002350 | +0.005569 | +0.007725 |
| Level | Major | Minor | Minor | - | Intermediate | Major | 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 | 0.181767 | 0.187233 | 0.190267 | 0.195733 | 0.198767 | 0.204233 | 0.207267 |
| Camarilla | 0.190963 | 0.191742 | 0.192521 | 0.193300 | 0.194079 | 0.194858 | 0.195638 |
| Woodie | 0.180550 | 0.186625 | 0.189050 | 0.195125 | 0.197550 | 0.203625 | 0.206050 |
| Fibonacci | 0.187233 | 0.190480 | 0.192486 | 0.195733 | 0.198980 | 0.200986 | 0.204233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.170600 | 0.180000 | 0.189400 | 0.198800 | 0.208200 | 0.217600 | 0.227000 |
| Camarilla | 0.193630 | 0.195353 | 0.197077 | 0.198800 | 0.200523 | 0.202247 | 0.203970 |
| Woodie | 0.170600 | 0.180000 | 0.189400 | 0.198800 | 0.208200 | 0.217600 | 0.227000 |
| Fibonacci | 0.180000 | 0.187182 | 0.191618 | 0.198800 | 0.205982 | 0.210418 | 0.217600 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.27 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -11.526406 | |
| AROON (14): | -21.428573 | |
| DEMA (21): | 0.193452 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.192006 | |
| Elder Ray (13): | -0.000414 | |
| Super Trend (3,10): | 0.197554 | |
| Zig ZAG (10): | 0.194400 | |
| VORTEX (21): | 0.8882 | |
| Stochastique (14,3,5): | 38.97 | |
| TEMA (21): | 0.193066 | |
| Williams %R (14): | -63.08 | |
| Chande Momentum Oscillator (20): | -0.003000 | |
| Repulse (5,40,3): | -0.2003 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1020 | |
| Courbe Coppock: | 3.03 |
| MA7: | 0.198200 | |
| MA20: | 0.202615 | |
| MA50: | 0.200182 | |
| MA100: | 0.202857 | |
| MAexp7: | 0.194061 | |
| MAexp20: | 0.195359 | |
| MAexp50: | 0.197171 | |
| MAexp100: | 0.198454 | |
| Price / MA7: | -1.46% | |
| Price / MA20: | -3.61% | |
| Price / MA50: | -2.44% | |
| Price / MA100: | -3.73% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.95% | |
| Price / MAexp100: | -1.59% |
This member declared not having a position on this financial instrument or a related financial instrument.
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