RIPPLE - XRP/USD - 1H - Technical analysis published on 10/06/2021 (GMT)
- 216
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
17%
56%
28%
My opinion
Neutral between 1.01 USD and 1.04 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.01 USD. The first resistance is located at 1.04 USD. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by RIPPLE - XRP/USD.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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:
Additional analysis
Quotes
The RIPPLE - XRP/USD price is 1.02 USD. The price registered a decrease of -6.42% on the session and was between 1.02 USD and 1.09 USD. This implies that the price is at 0% from its lowest and at -6.42% from its highest.1.02
1.09
1.02
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 a neutral overall trend. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.87 | 0.94 | 1.01 | 1.02 | 1.04 | 1.05 | 1.09 |
| Change (%) | -14.51% | -7.53% | -1.15% | - | +1.71% | +3.21% | +6.75% |
| Change | -0.15 | -0.08 | -0.01 | - | +0.02 | +0.03 | +0.07 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.01 | 1.02 | 1.06 | 1.07 | 1.11 | 1.12 | 1.16 |
| Camarilla | 1.08 | 1.08 | 1.09 | 1.09 | 1.10 | 1.10 | 1.10 |
| Woodie | 1.02 | 1.03 | 1.07 | 1.08 | 1.12 | 1.13 | 1.17 |
| Fibonacci | 1.02 | 1.04 | 1.05 | 1.07 | 1.09 | 1.10 | 1.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.75 | 0.82 | 0.93 | 1.00 | 1.11 | 1.18 | 1.29 |
| Camarilla | 0.99 | 1.01 | 1.02 | 1.04 | 1.06 | 1.07 | 1.09 |
| Woodie | 0.77 | 0.83 | 0.95 | 1.01 | 1.13 | 1.19 | 1.31 |
| Fibonacci | 0.82 | 0.89 | 0.93 | 1.00 | 1.07 | 1.11 | 1.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.17 | 0.52 | 0.73 | 1.08 | 1.29 | 1.64 | 1.85 |
| Camarilla | 0.80 | 0.85 | 0.90 | 0.95 | 1.00 | 1.05 | 1.10 |
| Woodie | 0.11 | 0.49 | 0.67 | 1.05 | 1.23 | 1.61 | 1.79 |
| Fibonacci | 0.52 | 0.73 | 0.86 | 1.08 | 1.29 | 1.42 | 1.64 |
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): | 39.39 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -8.73 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.08 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.08 | |
| Zig ZAG (10): | 1.05 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 14.33 | |
| TEMA (21): | 1.06 | |
| Williams %R (14): | -89.04 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -2.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.45 |
| MA7: | 1.04 | |
| MA20: | 0.99 | |
| MA50: | 1.10 | |
| MA100: | 0.92 | |
| MAexp7: | 1.06 | |
| MAexp20: | 1.06 | |
| MAexp50: | 1.06 | |
| MAexp100: | 1.04 | |
| Price / MA7: | -1.92% | |
| Price / MA20: | +3.03% | |
| Price / MA50: | -7.27% | |
| Price / MA100: | +10.87% | |
| Price / MAexp7: | -3.77% | |
| Price / MAexp20: | -3.77% | |
| Price / MAexp50: | -3.77% | |
| Price / MAexp100: | -1.92% |
Quotes :
-
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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