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 12/06/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 0.841567 USD
My targets
0.690000 USD (-14.05%)
0.653633 USD (-18.58%)
My analysis
The bearish trend is currently very strong for RIPPLE - XRP/USD. As long as the price remains below the resistance at 0.841567 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.690000 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.653633 USD as an objective. Crossing it would then enable sellers to target 0.530000 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7

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 creampuffracing123. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD price is 0.802800 USD. The price is lower by -0.25% since the last closing and was traded between 0.775800 USD and 0.805700 USD over the period. The price is currently at +3.48% from its lowest and -0.36% from its highest.

0.775800
0.805700
0.802800

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.340000 0.530000 0.690000 0.802800 0.870000 0.890000 0.930000
Change (%) -57.65% -33.98% -14.05% - +8.37% +10.86% +15.84%
Change -0.462800 -0.272800 -0.112800 - +0.067200 +0.087200 +0.127200
Level Minor Major Intermediate - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6752670.7239330.7643670.8130330.8534670.9021330.942567
Camarilla0.7802980.7884650.7966330.8048000.8129680.8211350.829303
Woodie0.6711500.7218750.7602500.8109750.8493500.9000750.938450
Fibonacci0.7239330.7579700.7789970.8130330.8470700.8680970.902133


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2718330.4597670.6536330.8415671.0354331.2233671.417233
Camarilla0.7425050.7775030.8125020.8475000.8824980.9174970.952495
Woodie0.2748000.4612500.6566000.8430501.0384001.2248501.420200
Fibonacci0.4597670.6056140.6957190.8415670.9874141.0775191.223367


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3484330.6179670.8086331.0781671.2688331.5383671.729033
Camarilla0.8727450.9149300.9571150.9993001.0414851.0836701.125855
Woodie0.3090000.5982500.7692001.0584501.2294001.5186501.689600
Fibonacci0.6179670.7937630.9023701.0781671.2539631.3625701.538367

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 43.46
MACD (12,26,9): -0.0092
Directional Movement: -23.552396
AROON (14): -14.285714
DEMA (21): 0.793486
Parabolic SAR (0,02-0,02-0,2): 0.775426
Elder Ray (13): -0.004728
Super Trend (3,10): 0.839304
Zig ZAG (10): 0.797100
VORTEX (21): 0.8868
Stochastique (14,3,5): 37.50
TEMA (21): 0.795561
Williams %R (14): -48.01
Chande Momentum Oscillator (20): 0.011100
Repulse (5,40,3): 1.2625
ROCnROLL: 2
TRIX (15,9): -0.1488
Courbe Coppock: 5.30
MA7: 0.905257
MA20: 0.987435
MA50: 1.078182
MA100: 1.081632
MAexp7: 0.798481
MAexp20: 0.805945
MAexp50: 0.830045
MAexp100: 0.869476
Price / MA7: -11.32%
Price / MA20: -18.70%
Price / MA50: -25.54%
Price / MA100: -25.78%
Price / MAexp7: +0.54%
Price / MAexp20: -0.39%
Price / MAexp50: -3.28%
Price / MAexp100: -7.67%

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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