RIPPLE - XRP/USD - 1H - Technical analysis published on 06/28/2020 (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%
61%
22%
My opinion
Bearish under 0.178350 USD
My targets
0.166233 USD (-4.74%)
0.145433 USD (-16.66%)
My analysis
The bearish trend is currently very strong for RIPPLE - XRP/USD. As long as the price remains below the resistance at 0.178350 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.166233 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.145433 USD as an objective. Crossing it would then enable sellers to target 0.136500 USD. 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.
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
7.5
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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 0.174500 USD. On the day, this instrument lost -0.23% with the lowest point at 0.173300 USD and the highest point at 0.175200 USD. The deviation from the price is +0.69% for the low point and -0.40% for the high point.0.173300
0.175200
0.174500
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RIPPLE - XRP/USD in 1H shows a overall strongly bearish trend. 92.86% 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.136500 | 0.174500 | 0.178350 | 0.181600 | 0.183867 |
| Change (%) | -21.78% | - | +2.21% | +4.07% | +5.37% |
| Change | -0.038000 | - | +0.003850 | +0.007100 | +0.009367 |
| Level | Intermediate | - | 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 | 0.154900 | 0.162300 | 0.168600 | 0.176000 | 0.182300 | 0.189700 | 0.196000 |
| Camarilla | 0.171133 | 0.172388 | 0.173644 | 0.174900 | 0.176156 | 0.177412 | 0.178668 |
| Woodie | 0.154350 | 0.162025 | 0.168050 | 0.175725 | 0.181750 | 0.189425 | 0.195450 |
| Fibonacci | 0.162300 | 0.167533 | 0.170767 | 0.176000 | 0.181233 | 0.184467 | 0.189700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.145433 | 0.157567 | 0.166233 | 0.178367 | 0.187033 | 0.199167 | 0.207833 |
| Camarilla | 0.169180 | 0.171087 | 0.172993 | 0.174900 | 0.176807 | 0.178713 | 0.180620 |
| Woodie | 0.143700 | 0.156700 | 0.164500 | 0.177500 | 0.185300 | 0.198300 | 0.206100 |
| Fibonacci | 0.157567 | 0.165512 | 0.170421 | 0.178367 | 0.186312 | 0.191221 | 0.199167 |
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): | 33.78 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -28.144548 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.174583 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.175200 | |
| Elder Ray (13): | -0.001968 | |
| Super Trend (3,10): | 0.178787 | |
| Zig ZAG (10): | 0.173900 | |
| VORTEX (21): | 0.7314 | |
| Stochastique (14,3,5): | 33.97 | |
| TEMA (21): | 0.173291 | |
| Williams %R (14): | -63.93 | |
| Chande Momentum Oscillator (20): | -0.006700 | |
| Repulse (5,40,3): | -0.4213 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1421 | |
| Courbe Coppock: | 7.78 |
| MA7: | 0.182514 | |
| MA20: | 0.189670 | |
| MA50: | 0.196566 | |
| MA100: | 0.193112 | |
| MAexp7: | 0.174730 | |
| MAexp20: | 0.177216 | |
| MAexp50: | 0.179813 | |
| MAexp100: | 0.181918 | |
| Price / MA7: | -4.39% | |
| Price / MA20: | -8.00% | |
| Price / MA50: | -11.23% | |
| Price / MA100: | -9.64% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -1.53% | |
| Price / MAexp50: | -2.95% | |
| Price / MAexp100: | -4.08% |
Quotes :
2020-06-28 02:59:13
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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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