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 05/28/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.93 USD
My targets
0.82 USD (-3.53%)
0.76 USD (-10.59%)
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 0.93 USD. The next support located at 0.82 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 0.76 USD. Below this support, sellers could then target 0.69 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 rating is 0.85 USD. The price is lower by -12.37% since the last closing with the lowest point at 0.85 USD and the highest point at 0.99 USD. The deviation from the price is 0% for the low point and -14.14% for the high point.

0.85
0.99
0.85

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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


A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced 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.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.69 0.76 0.82 0.85 0.93 1.03 1.11
Change (%) -18.82% -10.59% -3.53% - +9.41% +21.18% +30.59%
Change -0.16 -0.09 -0.03 - +0.08 +0.18 +0.26
Level Major Minor Intermediate - Major Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.810.870.920.981.031.091.14
Camarilla0.940.950.960.970.980.991.00
Woodie0.810.870.920.981.031.091.14
Fibonacci0.870.910.940.981.021.051.09


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.290.260.591.141.472.022.35
Camarilla0.670.750.830.910.991.071.15
Woodie-0.410.210.471.091.351.972.23
Fibonacci0.260.600.811.141.481.692.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.110.380.991.482.092.583.19
Camarilla1.301.401.501.601.701.801.90
Woodie-0.050.411.051.512.152.613.25
Fibonacci0.380.801.061.481.902.162.58

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): 24.62
MACD (12,26,9): -0.0300
Directional Movement: -27.18
AROON (14): -85.71
DEMA (21): 0.90
Parabolic SAR (0,02-0,02-0,2): 0.90
Elder Ray (13): -0.04
Super Trend (3,10): 0.95
Zig ZAG (10): 0.87
VORTEX (21): 0.7300
Stochastique (14,3,5): 18.50
TEMA (21): 0.87
Williams %R (14): -87.45
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): -2.4800
ROCnROLL: 2
TRIX (15,9): -0.3200
Courbe Coppock: 18.37
MA7: 0.93
MA20: 1.21
MA50: 1.35
MA100: 0.94
MAexp7: 0.89
MAexp20: 0.93
MAexp50: 0.96
MAexp100: 0.97
Price / MA7: -8.60%
Price / MA20: -29.75%
Price / MA50: -37.04%
Price / MA100: -9.57%
Price / MAexp7: -4.49%
Price / MAexp20: -8.60%
Price / MAexp50: -11.46%
Price / MAexp100: -12.37%

Quotes : - Real time data - Cryptocompare

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

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