RIPPLE - XRP/USD - Daily - Technical analysis published on 06/08/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
33%
33%
33%
My opinion
Neutral between 0.193600 USD and 0.226700 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on RIPPLE - XRP/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 0.193600 USD. The first resistance is located at 0.226700 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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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 price is 0.202100 USD. The price is lower by -0.64% since the last closing and was between 0.201400 USD and 0.203600 USD. This implies that the price is at +0.35% from its lowest and at -0.74% from its highest.0.201400
0.203600
0.202100
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is slightly bearish. Only 46.43% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.136500 | 0.165600 | 0.193600 | 0.202100 | 0.226700 | 0.275245 | 0.336800 |
Change (%) | -32.46% | -18.06% | -4.21% | - | +12.17% | +36.19% | +66.65% |
Change | -0.065600 | -0.036500 | -0.008500 | - | +0.024600 | +0.073145 | +0.134700 |
Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.193900 | 0.196400 | 0.199900 | 0.202400 | 0.205900 | 0.208400 | 0.211900 |
Camarilla | 0.201750 | 0.202300 | 0.202850 | 0.203400 | 0.203950 | 0.204500 | 0.205050 |
Woodie | 0.194400 | 0.196650 | 0.200400 | 0.202650 | 0.206400 | 0.208650 | 0.212400 |
Fibonacci | 0.196400 | 0.198692 | 0.200108 | 0.202400 | 0.204692 | 0.206108 | 0.208400 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.178167 | 0.187633 | 0.195667 | 0.205133 | 0.213167 | 0.222633 | 0.230667 |
Camarilla | 0.198888 | 0.200492 | 0.202096 | 0.203700 | 0.205304 | 0.206908 | 0.208513 |
Woodie | 0.177450 | 0.187275 | 0.194950 | 0.204775 | 0.212450 | 0.222275 | 0.229950 |
Fibonacci | 0.187633 | 0.194318 | 0.198448 | 0.205133 | 0.211818 | 0.215948 | 0.222633 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.132567 | 0.156333 | 0.179367 | 0.203133 | 0.226167 | 0.249933 | 0.272967 |
Camarilla | 0.189530 | 0.193820 | 0.198110 | 0.202400 | 0.206690 | 0.210980 | 0.215270 |
Woodie | 0.132200 | 0.156150 | 0.179000 | 0.202950 | 0.225800 | 0.249750 | 0.272600 |
Fibonacci | 0.156333 | 0.174211 | 0.185256 | 0.203133 | 0.221011 | 0.232056 | 0.249933 |
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): | 50.35 | |
MACD (12,26,9): | 0.0006 | |
Directional Movement: | -1.187849 | |
AROON (14): | 50.000000 | |
DEMA (21): | 0.203133 | |
Parabolic SAR (0,02-0,02-0,2): | 0.211922 | |
Elder Ray (13): | 0.000235 | |
Super Trend (3,10): | 0.190157 | |
Zig ZAG (10): | 0.201400 | |
VORTEX (21): | 1.0012 | |
Stochastique (14,3,5): | 49.49 | |
TEMA (21): | 0.202829 | |
Williams %R (14): | -56.28 | |
Chande Momentum Oscillator (20): | 0.004000 | |
Repulse (5,40,3): | -0.2599 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0030 | |
Courbe Coppock: | 5.98 |
MA7: | 0.203314 | |
MA20: | 0.200900 | |
MA50: | 0.203336 | |
MA100: | 0.194066 | |
MAexp7: | 0.203031 | |
MAexp20: | 0.202533 | |
MAexp50: | 0.201655 | |
MAexp100: | 0.204743 | |
Price / MA7: | -0.60% | |
Price / MA20: | +0.60% | |
Price / MA50: | -0.61% | |
Price / MA100: | +4.14% | |
Price / MAexp7: | -0.46% | |
Price / MAexp20: | -0.21% | |
Price / MAexp50: | +0.22% | |
Price / MAexp100: | -1.29% |
Quotes :
2020-06-08 09:04:40
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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