RIPPLE - XRP/USD - Daily - Technical analysis published on 06/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.203133 USD
My targets
0.165600 USD (-12.75%)
0.136500 USD (-28.08%)
My analysis
The bearish trend is currently very strong for RIPPLE - XRP/USD. As long as the price remains below the resistance at 0.203133 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.165600 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.136500 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.189800 USD. The price is lower by -1.71% since the last closing and was traded between 0.188600 USD and 0.193100 USD over the period. The price is currently at +0.64% from its lowest and -1.71% from its highest.0.188600
0.193100
0.189800
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this RIPPLE - XRP/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.136500 | 0.165600 | 0.189800 | 0.193600 | 0.226700 | 0.245400 |
| Change (%) | -28.08% | -12.75% | - | +2.00% | +19.44% | +29.29% |
| Change | -0.053300 | -0.024200 | - | +0.003800 | +0.036900 | +0.055600 |
| Level | Major | Minor | - | Major | Intermediate | 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 | 0.177767 | 0.183033 | 0.188067 | 0.193333 | 0.198367 | 0.203633 | 0.208667 |
| Camarilla | 0.190268 | 0.191212 | 0.192156 | 0.193100 | 0.194044 | 0.194988 | 0.195933 |
| Woodie | 0.177650 | 0.182975 | 0.187950 | 0.193275 | 0.198250 | 0.203575 | 0.208550 |
| Fibonacci | 0.183033 | 0.186968 | 0.189399 | 0.193333 | 0.197268 | 0.199699 | 0.203633 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.83 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -12.504573 | |
| AROON (14): | -78.571426 | |
| DEMA (21): | 0.193335 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.206101 | |
| Elder Ray (13): | -0.004046 | |
| Super Trend (3,10): | 0.210592 | |
| Zig ZAG (10): | 0.189800 | |
| VORTEX (21): | 0.9601 | |
| Stochastique (14,3,5): | 39.58 | |
| TEMA (21): | 0.190875 | |
| Williams %R (14): | -66.24 | |
| Chande Momentum Oscillator (20): | -0.013800 | |
| Repulse (5,40,3): | -0.9156 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1339 | |
| Courbe Coppock: | 11.37 |
| MA7: | 0.192029 | |
| MA20: | 0.199150 | |
| MA50: | 0.202692 | |
| MA100: | 0.190633 | |
| MAexp7: | 0.192827 | |
| MAexp20: | 0.196567 | |
| MAexp50: | 0.198981 | |
| MAexp100: | 0.202944 | |
| Price / MA7: | -1.16% | |
| Price / MA20: | -4.69% | |
| Price / MA50: | -6.36% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | -1.57% | |
| Price / MAexp20: | -3.44% | |
| Price / MAexp50: | -4.61% | |
| Price / MAexp100: | -6.48% |
Quotes :
2020-06-18 18:34:43
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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