RIPPLE - XRP/USD - 1H - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.240250 USD
My targets
0.234500 USD (-1.59%)
0.226500 USD (-4.95%)
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 0.240250 USD. The sellers” bearish objective is set at 0.234500 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.226500 USD. In case of crossing, the next objective would be the support located at 0.193783 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
7.9
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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 0.238300 USD. The price is lower by -3.29% since the last closing and was between 0.237400 USD and 0.248000 USD. This implies that the price is at +0.38% from its lowest and at -3.91% from its highest.0.237400
0.248000
0.238300
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
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.193783 | 0.226500 | 0.234500 | 0.238300 | 0.240250 | 0.246500 | 0.248914 |
| Change (%) | -18.68% | -4.95% | -1.59% | - | +0.82% | +3.44% | +4.45% |
| Change | -0.044517 | -0.011800 | -0.003800 | - | +0.001950 | +0.008200 | +0.010614 |
| Level | Intermediate | Minor | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.233800 | 0.238200 | 0.242300 | 0.246700 | 0.250800 | 0.255200 | 0.259300 |
| Camarilla | 0.244063 | 0.244842 | 0.245621 | 0.246400 | 0.247179 | 0.247958 | 0.248738 |
| Woodie | 0.233650 | 0.238125 | 0.242150 | 0.246625 | 0.250650 | 0.255125 | 0.259150 |
| Fibonacci | 0.238200 | 0.241447 | 0.243453 | 0.246700 | 0.249947 | 0.251953 | 0.255200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.213833 | 0.224167 | 0.237633 | 0.247967 | 0.261433 | 0.271767 | 0.285233 |
| Camarilla | 0.244555 | 0.246737 | 0.248918 | 0.251100 | 0.253282 | 0.255463 | 0.257645 |
| Woodie | 0.215400 | 0.224950 | 0.239200 | 0.248750 | 0.263000 | 0.272550 | 0.286800 |
| Fibonacci | 0.224167 | 0.233258 | 0.238875 | 0.247967 | 0.257058 | 0.262675 | 0.271767 |
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): | 29.68 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -30.608727 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.244344 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.247880 | |
| Elder Ray (13): | -0.003119 | |
| Super Trend (3,10): | 0.247553 | |
| Zig ZAG (10): | 0.240500 | |
| VORTEX (21): | 0.8580 | |
| Stochastique (14,3,5): | 13.13 | |
| TEMA (21): | 0.243638 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.006000 | |
| Repulse (5,40,3): | -2.8483 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0523 | |
| Courbe Coppock: | 1.13 |
| MA7: | 0.247114 | |
| MA20: | 0.246190 | |
| MA50: | 0.272818 | |
| MA100: | 0.236621 | |
| MAexp7: | 0.243826 | |
| MAexp20: | 0.245918 | |
| MAexp50: | 0.247493 | |
| MAexp100: | 0.248117 | |
| Price / MA7: | -3.57% | |
| Price / MA20: | -3.20% | |
| Price / MA50: | -12.65% | |
| Price / MA100: | +0.71% | |
| Price / MAexp7: | -2.27% | |
| Price / MAexp20: | -3.10% | |
| Price / MAexp50: | -3.71% | |
| Price / MAexp100: | -3.96% |
Quotes :
2020-09-21 10:20:44
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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