RIPPLE - XRP/USD - Weekly - Technical analysis published on 06/18/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 0.471400 USD
My targets
0.218790 USD (-26.36%)
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 0.471400 USD. The sellers' bearish objective is set at 0.218790 USD. A bearish break of this support would revive the bearish momentum.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.297100 USD. Over 5 days, this instrument lost -13.41% and was traded between 0.293700 USD and 0.346400 USD over the period. The price is currently at +1.16% from its lowest point and -14.23% from its highest point.0.293700
0.346400
0.297100
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Weekly chart of RIPPLE - XRP/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Weekly
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.218790 | 0.297100 | 0.596200 | 0.866490 | 1.390000 |
| Change (%) | -26.36% | - | +100.67% | +191.65% | +367.86% |
| Change | -0.078310 | - | +0.299100 | +0.569390 | +1.092900 |
| Level | Intermediate | - | Intermediate | 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 | 0.280433 | 0.295467 | 0.308833 | 0.323867 | 0.337233 | 0.352267 | 0.365633 |
| Camarilla | 0.314390 | 0.316993 | 0.319597 | 0.322200 | 0.324803 | 0.327407 | 0.330010 |
| Woodie | 0.279600 | 0.295050 | 0.308000 | 0.323450 | 0.336400 | 0.351850 | 0.364800 |
| Fibonacci | 0.295467 | 0.306316 | 0.313018 | 0.323867 | 0.334716 | 0.341418 | 0.352267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.281333 | 0.318567 | 0.338533 | 0.375767 | 0.395733 | 0.432967 | 0.452933 |
| Camarilla | 0.342770 | 0.348013 | 0.353257 | 0.358500 | 0.363743 | 0.368987 | 0.374230 |
| Woodie | 0.272700 | 0.314250 | 0.329900 | 0.371450 | 0.387100 | 0.428650 | 0.444300 |
| Fibonacci | 0.318567 | 0.340417 | 0.353916 | 0.375767 | 0.397617 | 0.411116 | 0.432967 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.034200 | 0.151000 | 0.286200 | 0.471400 | 0.606600 | 0.791800 | 0.927000 |
| Camarilla | 0.333290 | 0.362660 | 0.392030 | 0.421400 | 0.450770 | 0.480140 | 0.509510 |
| Woodie | -0.059200 | 0.138500 | 0.261200 | 0.458900 | 0.581600 | 0.779300 | 0.902000 |
| Fibonacci | 0.151000 | 0.273393 | 0.349007 | 0.471400 | 0.593793 | 0.669407 | 0.791800 |
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): | 27.03 | |
| MACD (12,26,9): | -0.1333 | |
| Directional Movement: | -21.326770 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.427508 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.785036 | |
| Elder Ray (13): | -0.182708 | |
| Super Trend (3,10): | 0.645784 | |
| Zig ZAG (10): | 0.295600 | |
| VORTEX (21): | 0.8834 | |
| Stochastique (14,3,5): | 4.98 | |
| TEMA (21): | 0.339239 | |
| Williams %R (14): | -99.82 | |
| Chande Momentum Oscillator (20): | -0.562900 | |
| Repulse (5,40,3): | -51.6023 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.7640 | |
| Courbe Coppock: | 87.50 |
| MA7: | 0.321114 | |
| MA20: | 0.370820 | |
| MA50: | 0.432218 | |
| MA100: | 0.602952 | |
| MAexp7: | 0.418815 | |
| MAexp20: | 0.586690 | |
| MAexp50: | 0.705767 | |
| MAexp100: | 0.675704 | |
| Price / MA7: | -7.48% | |
| Price / MA20: | -19.88% | |
| Price / MA50: | -31.26% | |
| Price / MA100: | -50.73% | |
| Price / MAexp7: | -29.06% | |
| Price / MAexp20: | -49.36% | |
| Price / MAexp50: | -57.90% | |
| Price / MAexp100: | -56.03% |
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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