RIPPLE - XRP/USD - 1H - Technical analysis published on 06/15/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.185000 USD
My targets
0.173933 USD (-5.37%)
0.165600 USD (-9.90%)
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 0.185000 USD. The sellers” bearish objective is set at 0.173933 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.165600 USD. In case of crossing, the next objective would be the support located at 0.136500 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.3
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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 price is 0.183800 USD. The price registered a decrease of -3.47% on the session and was traded between 0.182000 USD and 0.190400 USD over the period. The price is currently at +0.99% from its lowest and -3.47% from its highest.0.182000
0.190400
0.183800
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:
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bearish. 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 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.136500 | 0.165600 | 0.183800 | 0.185000 | 0.186700 | 0.191200 |
| Change (%) | -25.73% | -9.90% | - | +0.65% | +1.58% | +4.03% |
| Change | -0.047300 | -0.018200 | - | +0.001200 | +0.002900 | +0.007400 |
| Level | Major | Minor | - | Major | Minor | Minor |
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 | 0.184667 | 0.186733 | 0.188567 | 0.190633 | 0.192467 | 0.194533 | 0.196367 |
| Camarilla | 0.189328 | 0.189685 | 0.190043 | 0.190400 | 0.190758 | 0.191115 | 0.191473 |
| Woodie | 0.184550 | 0.186675 | 0.188450 | 0.190575 | 0.192350 | 0.194475 | 0.196250 |
| Fibonacci | 0.186733 | 0.188223 | 0.189144 | 0.190633 | 0.192123 | 0.193044 | 0.194533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.162867 | 0.173933 | 0.183267 | 0.194333 | 0.203667 | 0.214733 | 0.224067 |
| Camarilla | 0.186990 | 0.188860 | 0.190730 | 0.192600 | 0.194470 | 0.196340 | 0.198210 |
| Woodie | 0.162000 | 0.173500 | 0.182400 | 0.193900 | 0.202800 | 0.214300 | 0.223200 |
| Fibonacci | 0.173933 | 0.181726 | 0.186541 | 0.194333 | 0.202126 | 0.206941 | 0.214733 |
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): | 35.71 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -27.051881 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.184506 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.182000 | |
| Elder Ray (13): | -0.000834 | |
| Super Trend (3,10): | 0.188278 | |
| Zig ZAG (10): | 0.184800 | |
| VORTEX (21): | 0.7993 | |
| Stochastique (14,3,5): | 28.59 | |
| TEMA (21): | 0.183614 | |
| Williams %R (14): | -70.24 | |
| Chande Momentum Oscillator (20): | -0.005700 | |
| Repulse (5,40,3): | -0.1203 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1235 | |
| Courbe Coppock: | 6.14 |
| MA7: | 0.193300 | |
| MA20: | 0.199695 | |
| MA50: | 0.203800 | |
| MA100: | 0.191041 | |
| MAexp7: | 0.184820 | |
| MAexp20: | 0.186423 | |
| MAexp50: | 0.188987 | |
| MAexp100: | 0.191762 | |
| Price / MA7: | -4.91% | |
| Price / MA20: | -7.96% | |
| Price / MA50: | -9.81% | |
| Price / MA100: | -3.79% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | -1.41% | |
| Price / MAexp50: | -2.74% | |
| Price / MAexp100: | -4.15% |
Quotes :
2020-06-15 13:22:29
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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.
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