RIPPLE - XRP/USD - Daily - Technical analysis published on 09/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 0.275000 USD
My targets
0.226700 USD (-6.28%)
0.193783 USD (-19.89%)
My analysis
RIPPLE - XRP/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 0.275000 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 0.226700 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.193783 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.174900 USD. Beware of a possible return to above the resistance located at 0.275000 USD which would be a sign of a correction of the short-term bearish excesses registered.
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
3.2
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.241900 USD. The price registered a decrease of -2.42% on the session and was between 0.240300 USD and 0.253200 USD. This implies that the price is at +0.67% from its lowest and at -4.46% from its highest.0.240300
0.253200
0.241900
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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
Technical analysis of RIPPLE - XRP/USD in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 0.174900 | 0.193783 | 0.226700 | 0.241900 | 0.245400 | 0.275000 | 0.295000 |
| Change (%) | -27.70% | -19.89% | -6.28% | - | +1.45% | +13.68% | +21.95% |
| Change | -0.067000 | -0.048117 | -0.015200 | - | +0.003500 | +0.033100 | +0.053100 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | 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 | 0.234200 | 0.237300 | 0.242600 | 0.245700 | 0.251000 | 0.254100 | 0.259400 |
| Camarilla | 0.245590 | 0.246360 | 0.247130 | 0.247900 | 0.248670 | 0.249440 | 0.250210 |
| Woodie | 0.235300 | 0.237850 | 0.243700 | 0.246250 | 0.252100 | 0.254650 | 0.260500 |
| Fibonacci | 0.237300 | 0.240509 | 0.242491 | 0.245700 | 0.248909 | 0.250891 | 0.254100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.216200 | 0.222900 | 0.235400 | 0.242100 | 0.254600 | 0.261300 | 0.273800 |
| Camarilla | 0.242620 | 0.244380 | 0.246140 | 0.247900 | 0.249660 | 0.251420 | 0.253180 |
| Woodie | 0.219100 | 0.224350 | 0.238300 | 0.243550 | 0.257500 | 0.262750 | 0.276700 |
| Fibonacci | 0.222900 | 0.230234 | 0.234766 | 0.242100 | 0.249434 | 0.253966 | 0.261300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.167733 | 0.208867 | 0.245033 | 0.286167 | 0.322333 | 0.363467 | 0.399633 |
| Camarilla | 0.259943 | 0.267028 | 0.274114 | 0.281200 | 0.288286 | 0.295372 | 0.302458 |
| Woodie | 0.165250 | 0.207625 | 0.242550 | 0.284925 | 0.319850 | 0.362225 | 0.397150 |
| Fibonacci | 0.208867 | 0.238395 | 0.256638 | 0.286167 | 0.315695 | 0.333938 | 0.363467 |
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): | 41.58 | |
| MACD (12,26,9): | -0.0095 | |
| Directional Movement: | -3.104867 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.244629 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.275228 | |
| Elder Ray (13): | -0.003202 | |
| Super Trend (3,10): | 0.288833 | |
| Zig ZAG (10): | 0.242700 | |
| VORTEX (21): | 0.8872 | |
| Stochastique (14,3,5): | 19.96 | |
| TEMA (21): | 0.233489 | |
| Williams %R (14): | -82.15 | |
| Chande Momentum Oscillator (20): | -0.052100 | |
| Repulse (5,40,3): | -0.9581 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4487 | |
| Courbe Coppock: | 25.55 |
| MA7: | 0.242043 | |
| MA20: | 0.258445 | |
| MA50: | 0.273202 | |
| MA100: | 0.232741 | |
| MAexp7: | 0.244740 | |
| MAexp20: | 0.255649 | |
| MAexp50: | 0.257235 | |
| MAexp100: | 0.243422 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -6.40% | |
| Price / MA50: | -11.46% | |
| Price / MA100: | +3.94% | |
| Price / MAexp7: | -1.16% | |
| Price / MAexp20: | -5.38% | |
| Price / MAexp50: | -5.96% | |
| Price / MAexp100: | -0.63% |
Quotes :
2020-09-13 14:04:44
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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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