RIPPLE - XRP/USD - 1H - Technical analysis published on 12/23/2020 (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
22%
50%
28%
My opinion
Bearish under 0.314327 USD
My targets
0.235833 USD (-13.33%)
0.136500 USD (-49.83%)
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 0.314327 USD. The sellers” bearish objective is set at 0.235833 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.136500 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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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 0.272100 USD. The price registered a decrease of -39.01% on the session with the lowest point at 0.254300 USD and the highest point at 0.448100 USD. The deviation from the price is +7.00% for the low point and -39.28% for the high point.0.254300
0.448100
0.272100
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
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 market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.136500 | 0.235320 | 0.272100 | 0.314327 | 0.401000 | 0.450278 |
| Change (%) | -49.83% | -13.52% | - | +15.52% | +47.37% | +65.48% |
| Change | -0.135600 | -0.036780 | - | +0.042227 | +0.128900 | +0.178178 |
| Level | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.269867 | 0.335433 | 0.390767 | 0.456333 | 0.511667 | 0.577233 | 0.632567 |
| Camarilla | 0.412853 | 0.423935 | 0.435018 | 0.446100 | 0.457183 | 0.468265 | 0.479348 |
| Woodie | 0.264750 | 0.332875 | 0.385650 | 0.453775 | 0.506550 | 0.574675 | 0.627450 |
| Fibonacci | 0.335433 | 0.381617 | 0.410150 | 0.456333 | 0.502517 | 0.531050 | 0.577233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.235833 | 0.336567 | 0.457233 | 0.557967 | 0.678633 | 0.779367 | 0.900033 |
| Camarilla | 0.517015 | 0.537310 | 0.557605 | 0.577900 | 0.598195 | 0.618490 | 0.638785 |
| Woodie | 0.245800 | 0.341550 | 0.467200 | 0.562950 | 0.688600 | 0.784350 | 0.910000 |
| Fibonacci | 0.336567 | 0.421142 | 0.473392 | 0.557967 | 0.642542 | 0.694792 | 0.779367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.225533 | 0.001433 | 0.333267 | 0.560233 | 0.892067 | 1.119033 | 1.450867 |
| Camarilla | 0.511430 | 0.562653 | 0.613877 | 0.665100 | 0.716323 | 0.767547 | 0.818770 |
| Woodie | -0.173100 | 0.027650 | 0.385700 | 0.586450 | 0.944500 | 1.145250 | 1.503300 |
| Fibonacci | 0.001433 | 0.214895 | 0.346772 | 0.560233 | 0.773695 | 0.905572 | 1.119033 |
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): | 31.52 | |
| MACD (12,26,9): | -0.0355 | |
| Directional Movement: | -24.737828 | |
| AROON (14): | -78.571426 | |
| DEMA (21): | 0.303467 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.331782 | |
| Elder Ray (13): | -0.021584 | |
| Super Trend (3,10): | 0.383301 | |
| Zig ZAG (10): | 0.310200 | |
| VORTEX (21): | 0.7787 | |
| Stochastique (14,3,5): | 17.19 | |
| TEMA (21): | 0.295846 | |
| Williams %R (14): | -88.87 | |
| Chande Momentum Oscillator (20): | -0.048300 | |
| Repulse (5,40,3): | -6.4255 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2702 | |
| Courbe Coppock: | 34.76 |
| MA7: | 0.508786 | |
| MA20: | 0.538005 | |
| MA50: | 0.461372 | |
| MA100: | 0.353181 | |
| MAexp7: | 0.316284 | |
| MAexp20: | 0.350911 | |
| MAexp50: | 0.411278 | |
| MAexp100: | 0.462353 | |
| Price / MA7: | -46.52% | |
| Price / MA20: | -49.42% | |
| Price / MA50: | -41.02% | |
| Price / MA100: | -22.96% | |
| Price / MAexp7: | -13.97% | |
| Price / MAexp20: | -22.46% | |
| Price / MAexp50: | -33.84% | |
| Price / MAexp100: | -41.15% |
Quotes :
2020-12-23 21:01:24
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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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