RIPPLE - XRP/USD - Daily - Technical analysis published on 01/10/2023 (GMT)
- 110
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.368069 USD
My targets
0.338936 USD (-2.83%)
0.311833 USD (-10.60%)
My analysis
With a strongly bearish trend, the price of RIPPLE - XRP/USD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.368069 USD remains possible. It would be possible for traders to only trade short positions (for sale) on RIPPLE - XRP/USD as long as the price remains well below 0.368069 USD. The next bearish objective for sellers is set at 0.338936 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.311833 USD.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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
RIPPLE - XRP/USD rating 0.348800 USD. The price registered a decrease of -0.09% on the session and was traded between 0.343100 USD and 0.352100 USD over the period. The price is currently at +1.66% from its lowest and -0.94% from its highest.0.343100
0.352100
0.348800
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 0.311833 | 0.338936 | 0.348800 | 0.368069 | 0.407980 | 0.446983 |
Change (%) | -10.60% | -2.83% | - | +5.52% | +16.97% | +28.15% |
Change | -0.036967 | -0.009864 | - | +0.019269 | +0.059180 | +0.098183 |
Level | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.328867 | 0.336233 | 0.342667 | 0.350033 | 0.356467 | 0.363833 | 0.370267 |
Camarilla | 0.345305 | 0.346570 | 0.347835 | 0.349100 | 0.350365 | 0.351630 | 0.352895 |
Woodie | 0.328400 | 0.336000 | 0.342200 | 0.349800 | 0.356000 | 0.363600 | 0.369800 |
Fibonacci | 0.336233 | 0.341505 | 0.344762 | 0.350033 | 0.355305 | 0.358562 | 0.363833 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.279500 | 0.296600 | 0.320400 | 0.337500 | 0.361300 | 0.378400 | 0.402200 |
Camarilla | 0.332953 | 0.336702 | 0.340451 | 0.344200 | 0.347949 | 0.351698 | 0.355448 |
Woodie | 0.282850 | 0.298275 | 0.323750 | 0.339175 | 0.364650 | 0.380075 | 0.405550 |
Fibonacci | 0.296600 | 0.312224 | 0.321876 | 0.337500 | 0.353124 | 0.362776 | 0.378400 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.235300 | 0.283900 | 0.311600 | 0.360200 | 0.387900 | 0.436500 | 0.464200 |
Camarilla | 0.318318 | 0.325312 | 0.332306 | 0.339300 | 0.346294 | 0.353288 | 0.360283 |
Woodie | 0.224850 | 0.278675 | 0.301150 | 0.354975 | 0.377450 | 0.431275 | 0.453750 |
Fibonacci | 0.283900 | 0.313047 | 0.331053 | 0.360200 | 0.389347 | 0.407353 | 0.436500 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 45.96 | |
MACD (12,26,9): | -0.0064 | |
Directional Movement: | -16.416589 | |
AROON (14): | -42.857143 | |
DEMA (21): | 0.340038 | |
Parabolic SAR (0,02-0,02-0,2): | 0.314574 | |
Elder Ray (13): | 0.000751 | |
Super Trend (3,10): | 0.374843 | |
Zig ZAG (10): | 0.347200 | |
VORTEX (21): | 1.0273 | |
Stochastique (14,3,5): | 58.02 | |
TEMA (21): | 0.342983 | |
Williams %R (14): | -37.98 | |
Chande Momentum Oscillator (20): | 0.005200 | |
Repulse (5,40,3): | 0.6596 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.3314 | |
Courbe Coppock: | 4.70 |
MA7: | 0.345057 | |
MA20: | 0.348185 | |
MA50: | 0.368846 | |
MA100: | 0.408127 | |
MAexp7: | 0.345958 | |
MAexp20: | 0.349817 | |
MAexp50: | 0.366676 | |
MAexp100: | 0.383431 | |
Price / MA7: | +1.08% | |
Price / MA20: | +0.18% | |
Price / MA50: | -5.43% | |
Price / MA100: | -14.54% | |
Price / MAexp7: | +0.82% | |
Price / MAexp20: | -0.29% | |
Price / MAexp50: | -4.88% | |
Price / MAexp100: | -9.03% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis RIPPLE - XRP/USD - Daily