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%
72%
17%
My opinion
Bearish under 0.870000 USD
My targets
0.690000 USD (-13.46%)
0.530000 USD (-33.53%)
My analysis
The bearish trend is currently very strong for RIPPLE - XRP/USD. As long as the price remains below the resistance at 0.870000 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 0.530000 USD as an objective. Crossing it would then enable sellers to target 0.340000 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, 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
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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 price is 0.797300 USD. The price is lower by -0.93% since the last closing and was between 0.750700 USD and 0.807300 USD. This implies that the price is at +6.21% from its lowest and at -1.24% from its highest.0.750700
0.807300
0.797300
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned 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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.340000 | 0.530000 | 0.690000 | 0.797300 | 0.870000 | 0.990000 | 1.160000 |
| Change (%) | -57.36% | -33.53% | -13.46% | - | +9.12% | +24.17% | +45.49% |
| Change | -0.457300 | -0.267300 | -0.107300 | - | +0.072700 | +0.192700 | +0.362700 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 25.55 | |
| MACD (12,26,9): | -0.0712 | |
| Directional Movement: | -33.766281 | |
| AROON (14): | -71.428573 | |
| DEMA (21): | 0.888253 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.930276 | |
| Elder Ray (13): | -0.152645 | |
| Super Trend (3,10): | 1.020280 | |
| Zig ZAG (10): | 0.797600 | |
| VORTEX (21): | 0.7337 | |
| Stochastique (14,3,5): | 38.86 | |
| TEMA (21): | 0.837577 | |
| Williams %R (14): | -64.36 | |
| Chande Momentum Oscillator (20): | -0.234200 | |
| Repulse (5,40,3): | -1.0586 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6799 | |
| Courbe Coppock: | 33.16 |
| MA7: | 0.905343 | |
| MA20: | 0.987295 | |
| MA50: | 1.078150 | |
| MA100: | 1.081619 | |
| MAexp7: | 0.880858 | |
| MAexp20: | 0.971705 | |
| MAexp50: | 1.038855 | |
| MAexp100: | 1.041738 | |
| Price / MA7: | -11.93% | |
| Price / MA20: | -19.24% | |
| Price / MA50: | -26.05% | |
| Price / MA100: | -26.29% | |
| Price / MAexp7: | -9.49% | |
| Price / MAexp20: | -17.95% | |
| Price / MAexp50: | -23.25% | |
| Price / MAexp100: | -23.46% |
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.
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