RIPPLE - XRP/USD - Daily - Technical analysis published on 12/13/2021 (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
28%
56%
17%
My opinion
Bearish under 0.873400 USD
My targets
0.694500 USD (-13.50%)
0.623300 USD (-22.37%)
My analysis
The bearish trend is currently very strong for RIPPLE - XRP/USD. As long as the price remains below the resistance at 0.873400 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.694500 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.623300 USD as an objective. Crossing it would then enable sellers to target 0.530756 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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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 0.802900 USD. The price registered a decrease of -4.55% on the session and was between 0.794600 USD and 0.844100 USD. This implies that the price is at +1.04% from its lowest and at -4.88% from its highest.0.794600
0.844100
0.802900
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Technical
A technical analysis in Daily of this RIPPLE - XRP/USD chart shows a sharp bearish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.530756 | 0.623300 | 0.694500 | 0.802900 | 0.804800 | 0.873400 | 0.995000 |
| Change (%) | -33.90% | -22.37% | -13.50% | - | +0.24% | +8.78% | +23.93% |
| Change | -0.272144 | -0.179600 | -0.108400 | - | +0.001900 | +0.070500 | +0.192100 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 0.768833 | 0.789467 | 0.815333 | 0.835967 | 0.861833 | 0.882467 | 0.908333 |
| Camarilla | 0.828413 | 0.832675 | 0.836938 | 0.841200 | 0.845463 | 0.849725 | 0.853988 |
| Woodie | 0.771450 | 0.790775 | 0.817950 | 0.837275 | 0.864450 | 0.883775 | 0.910950 |
| Fibonacci | 0.789467 | 0.807230 | 0.818204 | 0.835967 | 0.853730 | 0.864704 | 0.882467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.563633 | 0.657167 | 0.747433 | 0.840967 | 0.931233 | 1.024767 | 1.115033 |
| Camarilla | 0.787155 | 0.804003 | 0.820852 | 0.837700 | 0.854548 | 0.871397 | 0.888245 |
| Woodie | 0.562000 | 0.656350 | 0.745800 | 0.840150 | 0.929600 | 1.023950 | 1.113400 |
| Fibonacci | 0.657167 | 0.727378 | 0.770755 | 0.840967 | 0.911178 | 0.954555 | 1.024767 |
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): | 34.42 | |
| MACD (12,26,9): | -0.0679 | |
| Directional Movement: | -17.572297 | |
| AROON (14): | -28.571430 | |
| DEMA (21): | 0.813722 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.694587 | |
| Elder Ray (13): | -0.042356 | |
| Super Trend (3,10): | 1.033164 | |
| Zig ZAG (10): | 0.805400 | |
| VORTEX (21): | 0.8498 | |
| Stochastique (14,3,5): | 47.29 | |
| TEMA (21): | 0.784466 | |
| Williams %R (14): | -58.72 | |
| Chande Momentum Oscillator (20): | -0.184600 | |
| Repulse (5,40,3): | -5.0491 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9549 | |
| Courbe Coppock: | 32.42 |
| MA7: | 0.831029 | |
| MA20: | 0.905690 | |
| MA50: | 1.041972 | |
| MA100: | 1.055534 | |
| MAexp7: | 0.833277 | |
| MAexp20: | 0.902385 | |
| MAexp50: | 0.989224 | |
| MAexp100: | 1.015061 | |
| Price / MA7: | -3.38% | |
| Price / MA20: | -11.35% | |
| Price / MA50: | -22.94% | |
| Price / MA100: | -23.93% | |
| Price / MAexp7: | -3.65% | |
| Price / MAexp20: | -11.02% | |
| Price / MAexp50: | -18.84% | |
| Price / MAexp100: | -20.90% |
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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