RIPPLE - XRP/USD
RIPPLE - XRP/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

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.

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. 1H Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central 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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.1939000.1964000.1999000.2024000.2059000.2084000.211900
Camarilla0.2017500.2023000.2028500.2034000.2039500.2045000.205050
Woodie0.1944000.1966500.2004000.2026500.2064000.2086500.212400
Fibonacci0.1964000.1986920.2001080.2024000.2046920.2061080.208400


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1781670.1876330.1956670.2051330.2131670.2226330.230667
Camarilla0.1988880.2004920.2020960.2037000.2053040.2069080.208513
Woodie0.1774500.1872750.1949500.2047750.2124500.2222750.229950
Fibonacci0.1876330.1943180.1984480.2051330.2118180.2159480.222633


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1325670.1563330.1793670.2031330.2261670.2499330.272967
Camarilla0.1895300.1938200.1981100.2024000.2066900.2109800.215270
Woodie0.1322000.1561500.1790000.2029500.2258000.2497500.272600
Fibonacci0.1563330.1742110.1852560.2031330.2210110.2320560.249933

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 - Real time data - Cryptocompare

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

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