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 02/24/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.514957 USD
My targets
0.474100 USD (-3.85%)
0.442300 USD (-10.30%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.514957 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.514957 USD. The next bearish objective for sellers is set at 0.474100 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.442300 USD. In case of crossing, the next objective would be the support located at 0.370000 USD. PS: if there is a bullish break in the resistance located at 0.514957 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4

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

Additional analysis

Quotes

The RIPPLE - XRP/USD price is 0.493100 USD. On the day, this instrument gained +3.59% and was traded between 0.458500 USD and 0.499000 USD over the period. The price is currently at +7.55% from its lowest and -1.18% from its highest.

0.458500
0.499000
0.493100

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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 an overall bearish trend. 71.43% 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 a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.370000 0.442300 0.474100 0.493100 0.514957 0.558850 0.582300
Change (%) -24.96% -10.30% -3.85% - +4.43% +13.33% +18.09%
Change -0.123100 -0.050800 -0.019000 - +0.021857 +0.065750 +0.089200
Level Minor Minor Major - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1730670.2715330.3737670.4722330.5744670.6729330.775167
Camarilla0.4208080.4392050.4576030.4760000.4943980.5127950.531193
Woodie0.1749500.2724750.3756500.4731750.5763500.6738750.777050
Fibonacci0.2715330.3482010.3955660.4722330.5489010.5962660.672933


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2744330.3726670.4426330.5408670.6108330.7090670.779033
Camarilla0.4663450.4817630.4971820.5126000.5280180.5434370.558855
Woodie0.2603000.3656000.4285000.5338000.5967000.7020000.764900
Fibonacci0.3726670.4369190.4766140.5408670.6051190.6448140.709067


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0047330.1034330.2989670.4071330.6026670.7108330.906367
Camarilla0.4109830.4388220.4666610.4945000.5223390.5501780.578018
Woodie0.0389500.1252750.3426500.4289750.6463500.7326750.950050
Fibonacci0.1034330.2194470.2911200.4071330.5231470.5948200.710833

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): 52.53
MACD (12,26,9): -0.0028
Directional Movement: -13.856331
AROON (14): 71.428574
DEMA (21): 0.478621
Parabolic SAR (0,02-0,02-0,2): 0.447723
Elder Ray (13): 0.004518
Super Trend (3,10): 0.534032
Zig ZAG (10): 0.493500
VORTEX (21): 1.1469
Stochastique (14,3,5): 80.38
TEMA (21): 0.488240
Williams %R (14): -27.05
Chande Momentum Oscillator (20): 0.017600
Repulse (5,40,3): -0.2040
ROCnROLL: -1
TRIX (15,9): -0.2498
Courbe Coppock: 10.45
MA7: 0.526943
MA20: 0.520565
MA50: 0.395814
MA100: 0.427378
MAexp7: 0.487488
MAexp20: 0.485726
MAexp50: 0.502298
MAexp100: 0.519270
Price / MA7: -6.42%
Price / MA20: -5.28%
Price / MA50: +24.58%
Price / MA100: +15.38%
Price / MAexp7: +1.15%
Price / MAexp20: +1.52%
Price / MAexp50: -1.83%
Price / MAexp100: -5.04%

Quotes : 2021-02-24 08:37:18 - Real time data - Cryptocompare

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

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