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 05/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

28%

44%

28%

My opinion

Bearish under 0.474400 USD

My targets

0.448860 USD (-3.22%)

0.424400 USD (-8.50%)

My analysis

The strong short-term decline in RIPPLE - XRP/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.474400 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.448860 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.424400 USD as an objective. Crossing it would then enable sellers to target 0.394800 USD. Be careful, a return to above 0.474400 USD could jeopardize the reversal.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

0.9

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

RIPPLE - XRP/USD rating 0.463800 USD. The price registered a decrease of -0.17% on the session with the lowest point at 0.450500 USD and the highest point at 0.465400 USD. The deviation from the price is +2.95% for the low point and -0.34% for the high point.

0.450500

0.465400

0.463800

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

Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.394800	0.424400	0.448860	0.463800	0.474400	0.498667	0.531050
Change (%)	-14.88%	-8.50%	-3.22%	-	+2.29%	+7.52%	+14.50%
Change	-0.069000	-0.039400	-0.014940	-	+0.010600	+0.034867	+0.067250
Level	Minor	Minor	Major	-	Major	Intermediate	Major

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	0.451800	0.454900	0.459800	0.462900	0.467800	0.470900	0.475800
Camarilla	0.462500	0.463233	0.463967	0.464700	0.465433	0.466167	0.466900
Woodie	0.452700	0.455350	0.460700	0.463350	0.468700	0.471350	0.476700
Fibonacci	0.454900	0.457956	0.459844	0.462900	0.465956	0.467844	0.470900

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	45.08
MACD (12,26,9):	-0.0052
Directional Movement:	-5.846454
AROON (14):	-50.000000
DEMA (21):	0.472023
Parabolic SAR (0,02-0,02-0,2):	0.477844
Elder Ray (13):	-0.014671
Super Trend (3,10):	0.519050
Zig ZAG (10):	0.463700
VORTEX (21):	0.8959
Stochastique (14,3,5):	32.14
TEMA (21):	0.458189
Williams %R (14):	-57.84
Chande Momentum Oscillator (20):	0.014400
Repulse (5,40,3):	1.8088
ROCnROLL:	-1
TRIX (15,9):	-0.0946
Courbe Coppock:	13.03

MA7:	0.469971
MA20:	0.482145
MA50:	0.475186
MA100:	0.432138
MAexp7:	0.468114
MAexp20:	0.476623
MAexp50:	0.467513
MAexp100:	0.444858
Price / MA7:	-1.31%
Price / MA20:	-3.80%
Price / MA50:	-2.40%
Price / MA100:	+7.33%
Price / MAexp7:	-0.92%
Price / MAexp20:	-2.69%
Price / MAexp50:	-0.79%
Price / MAexp100:	+4.26%

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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