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:
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.
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:
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:
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:
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.173067 | 0.271533 | 0.373767 | 0.472233 | 0.574467 | 0.672933 | 0.775167 |
Camarilla | 0.420808 | 0.439205 | 0.457603 | 0.476000 | 0.494398 | 0.512795 | 0.531193 |
Woodie | 0.174950 | 0.272475 | 0.375650 | 0.473175 | 0.576350 | 0.673875 | 0.777050 |
Fibonacci | 0.271533 | 0.348201 | 0.395566 | 0.472233 | 0.548901 | 0.596266 | 0.672933 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.274433 | 0.372667 | 0.442633 | 0.540867 | 0.610833 | 0.709067 | 0.779033 |
Camarilla | 0.466345 | 0.481763 | 0.497182 | 0.512600 | 0.528018 | 0.543437 | 0.558855 |
Woodie | 0.260300 | 0.365600 | 0.428500 | 0.533800 | 0.596700 | 0.702000 | 0.764900 |
Fibonacci | 0.372667 | 0.436919 | 0.476614 | 0.540867 | 0.605119 | 0.644814 | 0.709067 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.004733 | 0.103433 | 0.298967 | 0.407133 | 0.602667 | 0.710833 | 0.906367 |
Camarilla | 0.410983 | 0.438822 | 0.466661 | 0.494500 | 0.522339 | 0.550178 | 0.578018 |
Woodie | 0.038950 | 0.125275 | 0.342650 | 0.428975 | 0.646350 | 0.732675 | 0.950050 |
Fibonacci | 0.103433 | 0.219447 | 0.291120 | 0.407133 | 0.523147 | 0.594820 | 0.710833 |
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
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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