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
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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 0.223800 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:
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.201733 | 0.211167 | 0.216233 | 0.225667 | 0.230733 | 0.240167 | 0.245233 |
Camarilla | 0.217313 | 0.218642 | 0.219971 | 0.221300 | 0.222629 | 0.223958 | 0.225288 |
Woodie | 0.199550 | 0.210075 | 0.214050 | 0.224575 | 0.228550 | 0.239075 | 0.243050 |
Fibonacci | 0.211167 | 0.216706 | 0.220128 | 0.225667 | 0.231206 | 0.234628 | 0.240167 |
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 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
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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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