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 - Daily - Technical analysis published on 12/06/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.870000 USD
My targets
0.690000 USD (-12.14%)
0.530000 USD (-32.51%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RIPPLE - XRP/USD as long as the price remains well below 0.870000 USD. The sellers' bearish objective is set at 0.690000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.530000 USD. In case of crossing, the next objective would be the support located at 0.340000 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2

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. 1H Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.785300 USD. On the day, this instrument lost -2.42% with the lowest point at 0.750700 USD and the highest point at 0.807300 USD. The deviation from the price is +4.61% for the low point and -2.73% for the high point.

0.750700
0.807300
0.785300

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



Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:

Technical


Technical analysis of RIPPLE - XRP/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily



In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a 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, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.340000 0.530000 0.690000 0.785300 0.870000 0.990000 1.160000
Change (%) -56.70% -32.51% -12.14% - +10.79% +26.07% +47.71%
Change -0.445300 -0.255300 -0.095300 - +0.084700 +0.204700 +0.374700
Level Minor Major Intermediate - Intermediate Major Intermediate



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
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): 24.34
MACD (12,26,9): -0.0731
Directional Movement: -33.766281
AROON (14): -71.428573
DEMA (21): 0.884453
Parabolic SAR (0,02-0,02-0,2): 0.930276
Elder Ray (13): -0.149481
Super Trend (3,10): 1.020280
Zig ZAG (10): 0.775500
VORTEX (21): 0.7337
Stochastique (14,3,5): 36.96
TEMA (21): 0.831584
Williams %R (14): -70.02
Chande Momentum Oscillator (20): -0.259000
Repulse (5,40,3): -7.4400
ROCnROLL: 2
TRIX (15,9): -0.6843
Courbe Coppock: 34.01
MA7: 0.900929
MA20: 0.986400
MA50: 1.077776
MA100: 1.081424
MAexp7: 0.873133
MAexp20: 0.969924
MAexp50: 1.038032
MAexp100: 1.041330
Price / MA7: -12.83%
Price / MA20: -20.39%
Price / MA50: -27.14%
Price / MA100: -27.38%
Price / MAexp7: -10.06%
Price / MAexp20: -19.03%
Price / MAexp50: -24.35%
Price / MAexp100: -24.59%

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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