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 06/24/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.203133 USD
My targets
0.165600 USD (-10.29%)
0.136500 USD (-26.06%)
My analysis
RIPPLE - XRP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.203133 USD. The next support located at 0.165600 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.136500 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.5

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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

RIPPLE - XRP/USD rating 0.184600 USD. The price is lower by -2.23% since the last closing with the lowest point at 0.182300 USD and the highest point at 0.190100 USD. The deviation from the price is +1.26% for the low point and -2.89% for the high point.

0.182300
0.190100
0.184600

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Near support of channel

Type : Bullish

Timeframe : Daily


Near support of triangle

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.136500 0.165600 0.184600 0.188043 0.226700 0.275245
Change (%) -26.06% -10.29% - +1.87% +22.81% +49.10%
Change -0.048100 -0.019000 - +0.003443 +0.042100 +0.090645
Level Minor Minor - Major Intermediate Intermediate



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
Standard0.1858670.1871330.1879670.1892330.1900670.1913330.192167
Camarilla0.1882230.1884150.1886080.1888000.1889930.1891850.189378
Woodie0.1856500.1870250.1877500.1891250.1898500.1912250.191950
Fibonacci0.1871330.1879360.1884310.1892330.1900360.1905310.191333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1638000.1729000.1804000.1895000.1970000.2061000.213600
Camarilla0.1833350.1848570.1863780.1879000.1894220.1909430.192465
Woodie0.1630000.1725000.1796000.1891000.1962000.2057000.212800
Fibonacci0.1729000.1792410.1831590.1895000.1958410.1997590.206100


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 37.22
MACD (12,26,9): -0.0038
Directional Movement: -16.742856
AROON (14): -35.714287
DEMA (21): 0.187628
Parabolic SAR (0,02-0,02-0,2): 0.203132
Elder Ray (13): -0.003980
Super Trend (3,10): 0.203906
Zig ZAG (10): 0.184300
VORTEX (21): 0.8443
Stochastique (14,3,5): 24.63
TEMA (21): 0.185272
Williams %R (14): -89.35
Chande Momentum Oscillator (20): -0.008500
Repulse (5,40,3): -2.8774
ROCnROLL: 2
TRIX (15,9): -0.2334
Courbe Coppock: 12.22
MA7: 0.187543
MA20: 0.193690
MA50: 0.198974
MA100: 0.192429
MAexp7: 0.187927
MAexp20: 0.192255
MAexp50: 0.196438
MAexp100: 0.201274
Price / MA7: -1.57%
Price / MA20: -4.69%
Price / MA50: -7.22%
Price / MA100: -4.07%
Price / MAexp7: -1.77%
Price / MAexp20: -3.98%
Price / MAexp50: -6.03%
Price / MAexp100: -8.28%

Quotes : 2020-06-24 13:06:10 - Real time data - Cryptocompare

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

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