RIPPLE - XRP/USD - 1H - Technical analysis published on 01/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 0.398500 USD
My targets
0.379509 USD (-1.78%)
0.368069 USD (-4.74%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.398500 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.398500 USD. The next bearish objective for sellers is set at 0.379509 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.368069 USD. In case of crossing, the next objective would be the support located at 0.347800 USD. PS: if there is a bullish break in the resistance located at 0.398500 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.9
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.
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Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.386400 USD. The price is lower by -0.16% since the last closing and was between 0.369500 USD and 0.395800 USD. This implies that the price is at +4.57% from its lowest and at -2.37% from its highest.0.369500
0.395800
0.386400
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
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.347800 | 0.368069 | 0.379509 | 0.386400 | 0.387473 | 0.398500 | 0.405956 |
| Change (%) | -9.99% | -4.74% | -1.78% | - | +0.28% | +3.13% | +5.06% |
| Change | -0.038600 | -0.018331 | -0.006891 | - | +0.001073 | +0.012100 | +0.019556 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 0.359000 | 0.369200 | 0.378100 | 0.388300 | 0.397200 | 0.407400 | 0.416300 |
| Camarilla | 0.381748 | 0.383498 | 0.385249 | 0.387000 | 0.388751 | 0.390502 | 0.392253 |
| Woodie | 0.358350 | 0.368875 | 0.377450 | 0.387975 | 0.396550 | 0.407075 | 0.415650 |
| Fibonacci | 0.369200 | 0.376496 | 0.381004 | 0.388300 | 0.395596 | 0.400104 | 0.407400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.282867 | 0.310633 | 0.352967 | 0.380733 | 0.423067 | 0.450833 | 0.493167 |
| Camarilla | 0.376023 | 0.382448 | 0.388874 | 0.395300 | 0.401726 | 0.408152 | 0.414578 |
| Woodie | 0.290150 | 0.314275 | 0.360250 | 0.384375 | 0.430350 | 0.454475 | 0.500450 |
| Fibonacci | 0.310633 | 0.337412 | 0.353955 | 0.380733 | 0.407512 | 0.424055 | 0.450833 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.79 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -3.412803 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.384953 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.391884 | |
| Elder Ray (13): | 0.001698 | |
| Super Trend (3,10): | 0.392040 | |
| Zig ZAG (10): | 0.385200 | |
| VORTEX (21): | 0.9691 | |
| Stochastique (14,3,5): | 61.09 | |
| TEMA (21): | 0.383678 | |
| Williams %R (14): | -46.01 | |
| Chande Momentum Oscillator (20): | -0.003600 | |
| Repulse (5,40,3): | -0.3002 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0295 | |
| Courbe Coppock: | 1.72 |
| MA7: | 0.385543 | |
| MA20: | 0.360380 | |
| MA50: | 0.367450 | |
| MA100: | 0.399034 | |
| MAexp7: | 0.384765 | |
| MAexp20: | 0.386394 | |
| MAexp50: | 0.387239 | |
| MAexp100: | 0.385995 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +7.22% | |
| Price / MA50: | +5.16% | |
| Price / MA100: | -3.17% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | +0.10% |
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.
About author
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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…
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