RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 07/11/2022 (GMT)

Londinia

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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%

44%

28%

My opinion

Bearish under 0.348633 USD

My targets

0.309009 USD (-4.86%)

0.270967 USD (-16.57%)

My analysis

RIPPLE - XRP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.348633 USD. The next support located at 0.309009 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.270967 USD. Below this support, sellers could then target 0.218790 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.324800 USD. On the day, this instrument lost -0.03% with the lowest point at 0.317500 USD and the highest point at 0.328600 USD. The deviation from the price is +2.30% for the low point and -1.16% for the high point.

0.317500

0.328600

0.324800

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of triangle

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.218790	0.309009	0.324800	0.382500	0.596200	0.694950
Change (%)	-32.64%	-4.86%	-	+17.76%	+83.56%	+113.96%
Change	-0.106010	-0.015791	-	+0.057700	+0.271400	+0.370150
Level	Intermediate	Major	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.294100	0.308300	0.316600	0.330800	0.339100	0.353300	0.361600
Camarilla	0.318713	0.320775	0.322838	0.324900	0.326963	0.329025	0.331088
Woodie	0.291150	0.306825	0.313650	0.329325	0.336150	0.351825	0.358650
Fibonacci	0.308300	0.316895	0.322205	0.330800	0.339395	0.344705	0.353300

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.266967	0.287733	0.316267	0.337033	0.365567	0.386333	0.414867
Camarilla	0.331243	0.335762	0.340281	0.344800	0.349319	0.353838	0.358358
Woodie	0.270850	0.289675	0.320150	0.338975	0.369450	0.388275	0.418750
Fibonacci	0.287733	0.306566	0.318201	0.337033	0.355866	0.367501	0.386333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.132367	0.210033	0.270967	0.348633	0.409567	0.487233	0.548167
Camarilla	0.293785	0.306490	0.319195	0.331900	0.344605	0.357310	0.370015
Woodie	0.124000	0.205850	0.262600	0.344450	0.401200	0.483050	0.539800
Fibonacci	0.210033	0.262979	0.295688	0.348633	0.401579	0.434288	0.487233

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):	43.72
MACD (12,26,9):	-0.0084
Directional Movement:	-4.067748
AROON (14):	-21.428571
DEMA (21):	0.322497
Parabolic SAR (0,02-0,02-0,2):	0.316361
Elder Ray (13):	-0.009420
Super Trend (3,10):	0.378344
Zig ZAG (10):	0.325000
VORTEX (21):	1.0098
Stochastique (14,3,5):	41.85
TEMA (21):	0.333859
Williams %R (14):	-62.67
Chande Momentum Oscillator (20):	-0.003200
Repulse (5,40,3):	-2.4986
ROCnROLL:	2
TRIX (15,9):	-0.4195
Courbe Coppock:	7.51

MA7:	0.333371
MA20:	0.335615
MA50:	0.357692
MA100:	0.491946
MAexp7:	0.331373
MAexp20:	0.335545
MAexp50:	0.376924
MAexp100:	0.469837
Price / MA7:	-2.57%
Price / MA20:	-3.22%
Price / MA50:	-9.20%
Price / MA100:	-33.98%
Price / MAexp7:	-1.98%
Price / MAexp20:	-3.20%
Price / MAexp50:	-13.83%
Price / MAexp100:	-30.87%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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