RIPPLE - XRP/USD - 1H - Technical analysis published on 05/02/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 0.466880 USD
My targets
0.460800 USD (-0.63%)
0.456537 USD (-1.54%)
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 0.466880 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 0.466880 USD. The next bearish objective for sellers is set at 0.460800 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.456537 USD. In case of crossing, the next objective would be the support located at 0.448500 USD. PS: if there is a bullish break in the resistance located at 0.466880 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.
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
0.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.463700 USD. The price registered a decrease of -0.17% on the session and was traded between 0.458000 USD and 0.465300 USD over the period. The price is currently at +1.24% from its lowest and -0.34% from its highest.0.458000
0.465300
0.463700
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.448500 | 0.456537 | 0.460800 | 0.463700 | 0.466880 | 0.474400 | 0.481943 |
| Change (%) | -3.28% | -1.54% | -0.63% | - | +0.69% | +2.31% | +3.93% |
| Change | -0.015200 | -0.007163 | -0.002900 | - | +0.003180 | +0.010700 | +0.018243 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.439167 | 0.447433 | 0.455967 | 0.464233 | 0.472767 | 0.481033 | 0.489567 |
| Camarilla | 0.459880 | 0.461420 | 0.462960 | 0.464500 | 0.466040 | 0.467580 | 0.469120 |
| Woodie | 0.439300 | 0.447500 | 0.456100 | 0.464300 | 0.472900 | 0.481100 | 0.489700 |
| Fibonacci | 0.447433 | 0.453851 | 0.457816 | 0.464233 | 0.470651 | 0.474616 | 0.481033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.402533 | 0.420267 | 0.449233 | 0.466967 | 0.495933 | 0.513667 | 0.542633 |
| Camarilla | 0.465358 | 0.469638 | 0.473919 | 0.478200 | 0.482481 | 0.486762 | 0.491043 |
| Woodie | 0.408150 | 0.423075 | 0.454850 | 0.469775 | 0.501550 | 0.516475 | 0.548250 |
| Fibonacci | 0.420267 | 0.438106 | 0.449127 | 0.466967 | 0.484806 | 0.495827 | 0.513667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.315533 | 0.376767 | 0.424133 | 0.485367 | 0.532733 | 0.593967 | 0.641333 |
| Camarilla | 0.441635 | 0.451590 | 0.461545 | 0.471500 | 0.481455 | 0.491410 | 0.501365 |
| Woodie | 0.308600 | 0.373300 | 0.417200 | 0.481900 | 0.525800 | 0.590500 | 0.634400 |
| Fibonacci | 0.376767 | 0.418252 | 0.443882 | 0.485367 | 0.526852 | 0.552482 | 0.593967 |
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): | 54.66 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -6.582592 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.461277 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.458000 | |
| Elder Ray (13): | 0.002029 | |
| Super Trend (3,10): | 0.466924 | |
| Zig ZAG (10): | 0.464300 | |
| VORTEX (21): | 0.9791 | |
| Stochastique (14,3,5): | 63.01 | |
| TEMA (21): | 0.462190 | |
| Williams %R (14): | -13.70 | |
| Chande Momentum Oscillator (20): | 0.002200 | |
| Repulse (5,40,3): | 0.6063 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0261 | |
| Courbe Coppock: | 0.54 |
| MA7: | 0.469643 | |
| MA20: | 0.484520 | |
| MA50: | 0.473356 | |
| MA100: | 0.431729 | |
| MAexp7: | 0.462261 | |
| MAexp20: | 0.462249 | |
| MAexp50: | 0.464574 | |
| MAexp100: | 0.466979 | |
| Price / MA7: | -1.27% | |
| Price / MA20: | -4.30% | |
| Price / MA50: | -2.04% | |
| Price / MA100: | +7.41% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.70% |
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.
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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