RIPPLE - XRP/USD - 1H - Technical analysis published on 06/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.178300 USD
My targets
0.175000 USD (-0.74%)
0.173300 USD (-1.70%)
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 0.178300 USD. The sellers” bearish objective is set at 0.175000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.173300 USD. In case of crossing, the next objective would be the support located at 0.169700 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
6.8
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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 0.176300 USD. The price is lower by -0.62% since the last closing and was between 0.176000 USD and 0.177800 USD. This implies that the price is at +0.17% from its lowest and at -0.84% from its highest.0.176000
0.177800
0.176300
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.169700 | 0.173300 | 0.175000 | 0.176300 | 0.178300 | 0.181657 | 0.183850 |
| Change (%) | -3.74% | -1.70% | -0.74% | - | +1.13% | +3.04% | +4.28% |
| Change | -0.006600 | -0.003000 | -0.001300 | - | +0.002000 | +0.005357 | +0.007550 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.171000 | 0.173000 | 0.175200 | 0.177200 | 0.179400 | 0.181400 | 0.183600 |
| Camarilla | 0.176245 | 0.176630 | 0.177015 | 0.177400 | 0.177785 | 0.178170 | 0.178555 |
| Woodie | 0.171100 | 0.173050 | 0.175300 | 0.177250 | 0.179500 | 0.181450 | 0.183700 |
| Fibonacci | 0.173000 | 0.174604 | 0.175596 | 0.177200 | 0.178804 | 0.179796 | 0.181400 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.52 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.138369 | |
| AROON (14): | -64.285715 | |
| DEMA (21): | 0.176970 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.178683 | |
| Elder Ray (13): | -0.000422 | |
| Super Trend (3,10): | 0.175325 | |
| Zig ZAG (10): | 0.176500 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 15.56 | |
| TEMA (21): | 0.176836 | |
| Williams %R (14): | -96.77 | |
| Chande Momentum Oscillator (20): | -0.001700 | |
| Repulse (5,40,3): | -0.2457 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.60 |
| MA7: | 0.179814 | |
| MA20: | 0.187230 | |
| MA50: | 0.195426 | |
| MA100: | 0.193528 | |
| MAexp7: | 0.176736 | |
| MAexp20: | 0.177062 | |
| MAexp50: | 0.177355 | |
| MAexp100: | 0.178636 | |
| Price / MA7: | -1.95% | |
| Price / MA20: | -5.84% | |
| Price / MA50: | -9.79% | |
| Price / MA100: | -8.90% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -1.31% |
Quotes :
2020-06-30 08:42:34
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Real time data
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Cryptocompare
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