RIPPLE - XRP/USD - 1H - Technical analysis published on 06/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 0.191955 USD
My targets
0.185000 USD (-1.70%)
0.182000 USD (-3.29%)
My analysis
There is a bearish trend on RIPPLE - XRP/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.191955 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.185000 USD. Then the price could move towards 0.182000 USD. Then 0.165600 USD by extension. Be careful, a return to above the resistance 0.191955 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
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
RIPPLE - XRP/USD rating 0.188200 USD. On the day, this instrument lost -0.79% and was between 0.186900 USD and 0.189900 USD. This implies that the price is at +0.70% from its lowest and at -0.90% from its highest.0.186900
0.189900
0.188200
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.165600 | 0.182000 | 0.185000 | 0.188200 | 0.188300 | 0.191955 | 0.193600 |
| Change (%) | -12.01% | -3.29% | -1.70% | - | +0.05% | +2.00% | +2.87% |
| Change | -0.022600 | -0.006200 | -0.003200 | - | +0.000100 | +0.003755 | +0.005400 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | Major |
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 | 0.182500 | 0.185300 | 0.187500 | 0.190300 | 0.192500 | 0.195300 | 0.197500 |
| Camarilla | 0.188325 | 0.188783 | 0.189242 | 0.189700 | 0.190158 | 0.190617 | 0.191075 |
| Woodie | 0.182200 | 0.185150 | 0.187200 | 0.190150 | 0.192200 | 0.195150 | 0.197200 |
| Fibonacci | 0.185300 | 0.187210 | 0.188390 | 0.190300 | 0.192210 | 0.193390 | 0.195300 |
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): | 48.78 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -6.039935 | |
| AROON (14): | 64.285712 | |
| DEMA (21): | 0.188528 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.188120 | |
| Elder Ray (13): | -0.000120 | |
| Super Trend (3,10): | 0.190941 | |
| Zig ZAG (10): | 0.189000 | |
| VORTEX (21): | 0.9866 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.188640 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.001100 | |
| Repulse (5,40,3): | -0.2949 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0434 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.191271 | |
| MA20: | 0.198225 | |
| MA50: | 0.202226 | |
| MA100: | 0.190436 | |
| MAexp7: | 0.188657 | |
| MAexp20: | 0.189138 | |
| MAexp50: | 0.189999 | |
| MAexp100: | 0.190746 | |
| Price / MA7: | -1.61% | |
| Price / MA20: | -5.06% | |
| Price / MA50: | -6.94% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.95% | |
| Price / MAexp100: | -1.33% |
Quotes :
2020-06-19 16:07:36
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Real time data
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