RIPPLE - XRP/USD - 1H - Technical analysis published on 12/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.820400 USD
My targets
0.786700 USD (-2.27%)
0.761400 USD (-5.42%)
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 0.820400 USD. The sellers' bearish objective is set at 0.786700 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.761400 USD. In case of crossing, the next objective would be the support located at 0.694500 USD.
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
6.1
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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 0.805000 USD. The price registered an increase of +0.10% on the session and was between 0.801000 USD and 0.831200 USD. This implies that the price is at +0.50% from its lowest and at -3.15% from its highest.0.801000
0.831200
0.805000
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This 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.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 0.761400 | 0.786700 | 0.804800 | 0.805000 | 0.820400 | 0.842550 | 0.873400 |
| Change (%) | -5.42% | -2.27% | -0.02% | - | +1.91% | +4.66% | +8.50% |
| Change | -0.043600 | -0.018300 | -0.000200 | - | +0.015400 | +0.037550 | +0.068400 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major | Minor |
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 | 0.761533 | 0.782867 | 0.793533 | 0.814867 | 0.825533 | 0.846867 | 0.857533 |
| Camarilla | 0.795400 | 0.798333 | 0.801267 | 0.804200 | 0.807133 | 0.810067 | 0.813000 |
| Woodie | 0.756200 | 0.780200 | 0.788200 | 0.812200 | 0.820200 | 0.844200 | 0.852200 |
| Fibonacci | 0.782867 | 0.795091 | 0.802643 | 0.814867 | 0.827091 | 0.834643 | 0.846867 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.38 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -4.775690 | |
| AROON (14): | -49.999997 | |
| DEMA (21): | 0.808826 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.827869 | |
| Elder Ray (13): | -0.004065 | |
| Super Trend (3,10): | 0.801485 | |
| Zig ZAG (10): | 0.807600 | |
| VORTEX (21): | 0.8851 | |
| Stochastique (14,3,5): | 13.53 | |
| TEMA (21): | 0.806077 | |
| Williams %R (14): | -83.77 | |
| Chande Momentum Oscillator (20): | -0.004700 | |
| Repulse (5,40,3): | -0.3253 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0408 | |
| Courbe Coppock: | 0.32 |
| MA7: | 0.815471 | |
| MA20: | 0.868700 | |
| MA50: | 1.021328 | |
| MA100: | 1.038569 | |
| MAexp7: | 0.807744 | |
| MAexp20: | 0.812597 | |
| MAexp50: | 0.813813 | |
| MAexp100: | 0.814754 | |
| Price / MA7: | -1.28% | |
| Price / MA20: | -7.33% | |
| Price / MA50: | -21.18% | |
| Price / MA100: | -22.49% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -1.08% | |
| Price / MAexp100: | -1.20% |
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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