RIPPLE - XRP/USD - 1H - Technical analysis published on 09/25/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.236300 USD
My targets
0.219200 USD (-4.65%)
0.213833 USD (-6.99%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RIPPLE - XRP/USD. As long as you are under the resistance located at 0.236300 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.219200 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. 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. If the resistance 0.236300 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.4
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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
The RIPPLE - XRP/USD rating is 0.229900 USD. On the day, this instrument lost -1.25% and was traded between 0.229900 USD and 0.233300 USD over the period. The price is currently at 0% from its lowest and -1.46% from its highest.0.229900
0.233300
0.229900
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
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.193783 | 0.219200 | 0.229600 | 0.229900 | 0.236300 | 0.242600 | 0.246400 |
| Change (%) | -15.71% | -4.65% | -0.13% | - | +2.78% | +5.52% | +7.18% |
| Change | -0.036117 | -0.010700 | -0.000300 | - | +0.006400 | +0.012700 | +0.016500 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 0.208867 | 0.214133 | 0.223467 | 0.228733 | 0.238067 | 0.243333 | 0.252667 |
| Camarilla | 0.228785 | 0.230123 | 0.231462 | 0.232800 | 0.234138 | 0.235477 | 0.236815 |
| Woodie | 0.210900 | 0.215150 | 0.225500 | 0.229750 | 0.240100 | 0.244350 | 0.254700 |
| Fibonacci | 0.214133 | 0.219711 | 0.223156 | 0.228733 | 0.234311 | 0.237756 | 0.243333 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.62 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 3.433963 | |
| AROON (14): | -78.571426 | |
| DEMA (21): | 0.232354 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.233200 | |
| Elder Ray (13): | -0.000720 | |
| Super Trend (3,10): | 0.228287 | |
| Zig ZAG (10): | 0.231200 | |
| VORTEX (21): | 1.1531 | |
| Stochastique (14,3,5): | 33.56 | |
| TEMA (21): | 0.232815 | |
| Williams %R (14): | -82.50 | |
| Chande Momentum Oscillator (20): | -0.003000 | |
| Repulse (5,40,3): | -0.4069 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0894 | |
| Courbe Coppock: | 0.58 |
| MA7: | 0.235229 | |
| MA20: | 0.240900 | |
| MA50: | 0.266606 | |
| MA100: | 0.238003 | |
| MAexp7: | 0.231502 | |
| MAexp20: | 0.230837 | |
| MAexp50: | 0.230136 | |
| MAexp100: | 0.232392 | |
| Price / MA7: | -2.27% | |
| Price / MA20: | -4.57% | |
| Price / MA50: | -13.77% | |
| Price / MA100: | -3.40% | |
| Price / MAexp7: | -0.69% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -1.07% |
Quotes :
2020-09-25 09:44:13
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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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