RIPPLE - XRP/USD - Daily - Technical analysis published on 12/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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
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This analysis was given by creampuffracing123. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.675267 | 0.723933 | 0.764367 | 0.813033 | 0.853467 | 0.902133 | 0.942567 |
Camarilla | 0.780298 | 0.788465 | 0.796633 | 0.804800 | 0.812968 | 0.821135 | 0.829303 |
Woodie | 0.671150 | 0.721875 | 0.760250 | 0.810975 | 0.849350 | 0.900075 | 0.938450 |
Fibonacci | 0.723933 | 0.757970 | 0.778997 | 0.813033 | 0.847070 | 0.868097 | 0.902133 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.271833 | 0.459767 | 0.653633 | 0.841567 | 1.035433 | 1.223367 | 1.417233 |
Camarilla | 0.742505 | 0.777503 | 0.812502 | 0.847500 | 0.882498 | 0.917497 | 0.952495 |
Woodie | 0.274800 | 0.461250 | 0.656600 | 0.843050 | 1.038400 | 1.224850 | 1.420200 |
Fibonacci | 0.459767 | 0.605614 | 0.695719 | 0.841567 | 0.987414 | 1.077519 | 1.223367 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.348433 | 0.617967 | 0.808633 | 1.078167 | 1.268833 | 1.538367 | 1.729033 |
Camarilla | 0.872745 | 0.914930 | 0.957115 | 0.999300 | 1.041485 | 1.083670 | 1.125855 |
Woodie | 0.309000 | 0.598250 | 0.769200 | 1.058450 | 1.229400 | 1.518650 | 1.689600 |
Fibonacci | 0.617967 | 0.793763 | 0.902370 | 1.078167 | 1.253963 | 1.362570 | 1.538367 |
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 :
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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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