RIPPLE - XRP/USD - 1H - Technical analysis published on 07/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bullish
Technical indicators
6%
56%
39%
My opinion
Neutral between 0.572667 USD and 0.591900 USD
My targets
-
My analysis
The current short-term bearish trend is in contrast to the bullish trend. RIPPLE - XRP/USD is apparently trying to reverse the trend. The return to a neutral and then bearish trend should not be long in coming if the current decline continues. What is currently happening on RIPPLE - XRP/USD basics that the price is plunging so much? In such a situation, it would be feasible to stay away from RIPPLE - XRP/USD or not try to counterbalance this current drop in the short term. If there is a sale, the sellers could use the support located at 0.572667 USD as an objective. Sellers could then target the support located at 0.554000 USD. If there is any crossing, the next objective would be support 0.533767 USD. Attention should be paid to the price reaction at the start of the supports as trend traders may consider resuming purchases if the basic trend has not been able to ease or if the short term has itself become excessive.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 0.582700 USD. The price registered a decrease of -1.57% on the session and was traded between 0.582700 USD and 0.608700 USD over the period. The price is currently at 0% from its lowest and -4.27% from its highest.0.582700
0.608700
0.582700
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.533767 | 0.554000 | 0.572667 | 0.582700 | 0.591900 | 0.601850 | 0.617400 |
| Change (%) | -8.40% | -4.93% | -1.72% | - | +1.58% | +3.29% | +5.96% |
| Change | -0.048933 | -0.028700 | -0.010033 | - | +0.009200 | +0.019150 | +0.034700 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
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 | 0.527167 | 0.544333 | 0.568167 | 0.585333 | 0.609167 | 0.626333 | 0.650167 |
| Camarilla | 0.580725 | 0.584483 | 0.588242 | 0.592000 | 0.595758 | 0.599517 | 0.603275 |
| Woodie | 0.530500 | 0.546000 | 0.571500 | 0.587000 | 0.612500 | 0.628000 | 0.653500 |
| Fibonacci | 0.544333 | 0.559995 | 0.569671 | 0.585333 | 0.600995 | 0.610671 | 0.626333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.467267 | 0.520033 | 0.551067 | 0.603833 | 0.634867 | 0.687633 | 0.718667 |
| Camarilla | 0.559055 | 0.566737 | 0.574418 | 0.582100 | 0.589782 | 0.597463 | 0.605145 |
| Woodie | 0.456400 | 0.514600 | 0.540200 | 0.598400 | 0.624000 | 0.682200 | 0.707800 |
| Fibonacci | 0.520033 | 0.552045 | 0.571822 | 0.603833 | 0.635845 | 0.655622 | 0.687633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.069033 | 0.220633 | 0.463267 | 0.752933 | 0.995567 | 1.285233 | 1.527867 |
| Camarilla | 0.559518 | 0.608312 | 0.657106 | 0.705900 | 0.754694 | 0.803488 | 0.852283 |
| Woodie | -0.092550 | 0.208875 | 0.439750 | 0.741175 | 0.972050 | 1.273475 | 1.504350 |
| Fibonacci | 0.220633 | 0.423972 | 0.549595 | 0.752933 | 0.956272 | 1.081895 | 1.285233 |
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): | 46.94 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 0.917239 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.597188 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.602590 | |
| Elder Ray (13): | -0.002030 | |
| Super Trend (3,10): | 0.602092 | |
| Zig ZAG (10): | 0.585700 | |
| VORTEX (21): | 0.9181 | |
| Stochastique (14,3,5): | 14.05 | |
| TEMA (21): | 0.590691 | |
| Williams %R (14): | -84.34 | |
| Chande Momentum Oscillator (20): | -0.005300 | |
| Repulse (5,40,3): | -0.4753 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1102 | |
| Courbe Coppock: | 0.67 |
| MA7: | 0.572686 | |
| MA20: | 0.612440 | |
| MA50: | 0.706334 | |
| MA100: | 0.997724 | |
| MAexp7: | 0.594178 | |
| MAexp20: | 0.593008 | |
| MAexp50: | 0.583633 | |
| MAexp100: | 0.576570 | |
| Price / MA7: | +1.75% | |
| Price / MA20: | -4.86% | |
| Price / MA50: | -17.50% | |
| Price / MA100: | -41.60% | |
| Price / MAexp7: | -1.93% | |
| Price / MAexp20: | -1.74% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | +1.06% |
Quotes :
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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
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