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 - 1H - Technical analysis published on 09/24/2020 (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
33%
50%
17%
My opinion
Bearish under 0.229600 USD
My targets
0.220600 USD (-1.43%)
0.213833 USD (-4.45%)
My analysis
The bearish trend is currently very strong for RIPPLE - XRP/USD. As long as the price remains below the resistance at 0.229600 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.220600 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.213833 USD as an objective. Crossing it would then enable sellers to target 0.193783 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.223800 USD. On the day, this instrument gained +1.13% and was traded between 0.219400 USD and 0.224200 USD over the period. The price is currently at +2.01% from its lowest and -0.18% from its highest.

0.219400
0.224200
0.223800

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. 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 : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.174900 0.193783 0.220600 0.223800 0.229600 0.236300 0.246400
Change (%) -21.85% -13.41% -1.43% - +2.59% +5.59% +10.10%
Change -0.048900 -0.030017 -0.003200 - +0.005800 +0.012500 +0.022600
Level Major Intermediate Intermediate - Minor Major Intermediate



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
Standard0.2017330.2111670.2162330.2256670.2307330.2401670.245233
Camarilla0.2173130.2186420.2199710.2213000.2226290.2239580.225288
Woodie0.1995500.2100750.2140500.2245750.2285500.2390750.243050
Fibonacci0.2111670.2167060.2201280.2256670.2312060.2346280.240167


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2138330.2241670.2376330.2479670.2614330.2717670.285233
Camarilla0.2445550.2467370.2489180.2511000.2532820.2554630.257645
Woodie0.2154000.2249500.2392000.2487500.2630000.2725500.286800
Fibonacci0.2241670.2332580.2388750.2479670.2570580.2626750.271767


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1677330.2088670.2450330.2861670.3223330.3634670.399633
Camarilla0.2599430.2670280.2741140.2812000.2882860.2953720.302458
Woodie0.1652500.2076250.2425500.2849250.3198500.3622250.397150
Fibonacci0.2088670.2383950.2566380.2861670.3156950.3339380.363467

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): 33.81
MACD (12,26,9): -0.0027
Directional Movement: -21.019644
AROON (14): -85.714287
DEMA (21): 0.223516
Parabolic SAR (0,02-0,02-0,2): 0.227579
Elder Ray (13): -0.001623
Super Trend (3,10): 0.227282
Zig ZAG (10): 0.223400
VORTEX (21): 0.7638
Stochastique (14,3,5): 25.82
TEMA (21): 0.221784
Williams %R (14): -70.80
Chande Momentum Oscillator (20): -0.008400
Repulse (5,40,3): 0.1283
ROCnROLL: 2
TRIX (15,9): -0.1360
Courbe Coppock: 8.21
MA7: 0.236729
MA20: 0.240800
MA50: 0.267892
MA100: 0.237539
MAexp7: 0.223494
MAexp20: 0.226808
MAexp50: 0.230605
MAexp100: 0.235026
Price / MA7: -5.46%
Price / MA20: -7.06%
Price / MA50: -16.46%
Price / MA100: -5.78%
Price / MAexp7: +0.14%
Price / MAexp20: -1.33%
Price / MAexp50: -2.95%
Price / MAexp100: -4.78%

Quotes : 2020-09-24 03:38:09 - Real time data - Cryptocompare

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

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