RIPPLE - XRP/USD - 1H - Technical analysis published on 10/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.234100 USD
My targets
0.226500 USD (-1.95%)
0.221933 USD (-3.93%)
My analysis
RIPPLE - XRP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.234100 USD. The next support located at 0.226500 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.221933 USD. Below this support, sellers could then target 0.193686 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
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
The RIPPLE - XRP/USD price is 0.231000 USD. The price is lower by -2.94% since the last closing with the lowest point at 0.229000 USD and the highest point at 0.239200 USD. The deviation from the price is +0.87% for the low point and -3.43% for the high point.0.229000
0.239200
0.231000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.221933 | 0.226500 | 0.229900 | 0.231000 | 0.234100 | 0.237967 | 0.244518 |
| Change (%) | -3.93% | -1.95% | -0.48% | - | +1.34% | +3.02% | +5.85% |
| Change | -0.009067 | -0.004500 | -0.001100 | - | +0.003100 | +0.006967 | +0.013518 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | 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 | 0.223000 | 0.228600 | 0.233300 | 0.238900 | 0.243600 | 0.249200 | 0.253900 |
| Camarilla | 0.235168 | 0.236112 | 0.237056 | 0.238000 | 0.238944 | 0.239888 | 0.240833 |
| Woodie | 0.222550 | 0.228375 | 0.232850 | 0.238675 | 0.243150 | 0.248975 | 0.253450 |
| Fibonacci | 0.228600 | 0.232535 | 0.234965 | 0.238900 | 0.242835 | 0.245265 | 0.249200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.192533 | 0.206167 | 0.223833 | 0.237467 | 0.255133 | 0.268767 | 0.286433 |
| Camarilla | 0.232893 | 0.235762 | 0.238631 | 0.241500 | 0.244369 | 0.247238 | 0.250108 |
| Woodie | 0.194550 | 0.207175 | 0.225850 | 0.238475 | 0.257150 | 0.269775 | 0.288450 |
| Fibonacci | 0.206167 | 0.218123 | 0.225510 | 0.237467 | 0.249423 | 0.256810 | 0.268767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.121733 | 0.170767 | 0.206033 | 0.255067 | 0.290333 | 0.339367 | 0.374633 |
| Camarilla | 0.218118 | 0.225845 | 0.233573 | 0.241300 | 0.249028 | 0.256755 | 0.264483 |
| Woodie | 0.114850 | 0.167325 | 0.199150 | 0.251625 | 0.283450 | 0.335925 | 0.367750 |
| Fibonacci | 0.170767 | 0.202969 | 0.222864 | 0.255067 | 0.287269 | 0.307164 | 0.339367 |
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): | 26.19 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -36.540582 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.232805 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.236859 | |
| Elder Ray (13): | -0.004002 | |
| Super Trend (3,10): | 0.236041 | |
| Zig ZAG (10): | 0.230000 | |
| VORTEX (21): | 0.6748 | |
| Stochastique (14,3,5): | 9.37 | |
| TEMA (21): | 0.231390 | |
| Williams %R (14): | -87.25 | |
| Chande Momentum Oscillator (20): | -0.008000 | |
| Repulse (5,40,3): | -1.1013 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1040 | |
| Courbe Coppock: | 4.07 |
| MA7: | 0.239771 | |
| MA20: | 0.240805 | |
| MA50: | 0.259734 | |
| MA100: | 0.241770 | |
| MAexp7: | 0.232828 | |
| MAexp20: | 0.235605 | |
| MAexp50: | 0.238284 | |
| MAexp100: | 0.239511 | |
| Price / MA7: | -3.66% | |
| Price / MA20: | -4.07% | |
| Price / MA50: | -11.06% | |
| Price / MA100: | -4.45% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -1.95% | |
| Price / MAexp50: | -3.06% | |
| Price / MAexp100: | -3.55% |
Quotes :
2020-10-02 11:10:29
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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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