RIPPLE - XRP/USD - 1H - Technical analysis published on 05/05/2023 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.455467 USD
My targets
0.465811 USD (+1.04%)
0.473440 USD (+2.70%)
My analysis
The basic trend is currently slightly bullish on RIPPLE - XRP/USD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.455467 USD, purchases could be favourable. The first bullish objective would be the resistance located at 0.465811 USD. Then the price could move towards 0.473440 USD. Then 0.480200 USD by extension. A return under the support to 0.455467 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2
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Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.461000 USD. On the day, this instrument lost -0.07% and was traded between 0.460700 USD and 0.465000 USD over the period. The price is currently at +0.07% from its lowest and -0.86% from its highest.0.460700
0.465000
0.461000
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
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 RIPPLE - XRP/USD in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. 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 resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.449511 | 0.455467 | 0.460780 | 0.461000 | 0.465811 | 0.473440 | 0.480200 |
Change (%) | -2.49% | -1.20% | -0.05% | - | +1.04% | +2.70% | +4.16% |
Change | -0.011489 | -0.005533 | -0.000220 | - | +0.004811 | +0.012440 | +0.019200 |
Level | Major | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.445867 | 0.450433 | 0.455867 | 0.460433 | 0.465867 | 0.470433 | 0.475867 |
Camarilla | 0.458550 | 0.459467 | 0.460383 | 0.461300 | 0.462217 | 0.463133 | 0.464050 |
Woodie | 0.446300 | 0.450650 | 0.456300 | 0.460650 | 0.466300 | 0.470650 | 0.476300 |
Fibonacci | 0.450433 | 0.454253 | 0.456613 | 0.460433 | 0.464253 | 0.466613 | 0.470433 |
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): | 54.65 | |
MACD (12,26,9): | 0.0010 | |
Directional Movement: | 5.709444 | |
AROON (14): | 92.857143 | |
DEMA (21): | 0.462681 | |
Parabolic SAR (0,02-0,02-0,2): | 0.461100 | |
Elder Ray (13): | 0.001379 | |
Super Trend (3,10): | 0.458701 | |
Zig ZAG (10): | 0.462100 | |
VORTEX (21): | 1.0451 | |
Stochastique (14,3,5): | 72.74 | |
TEMA (21): | 0.463389 | |
Williams %R (14): | -37.97 | |
Chande Momentum Oscillator (20): | 0.002300 | |
Repulse (5,40,3): | -0.6081 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0207 | |
Courbe Coppock: | 2.10 |
MA7: | 0.466457 | |
MA20: | 0.476065 | |
MA50: | 0.479108 | |
MA100: | 0.433109 | |
MAexp7: | 0.462684 | |
MAexp20: | 0.461616 | |
MAexp50: | 0.461035 | |
MAexp100: | 0.462230 | |
Price / MA7: | -1.17% | |
Price / MA20: | -3.16% | |
Price / MA50: | -3.78% | |
Price / MA100: | +6.44% | |
Price / MAexp7: | -0.36% | |
Price / MAexp20: | -0.13% | |
Price / MAexp50: | -0.01% | |
Price / MAexp100: | -0.27% |
Quotes :
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Real time data
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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…
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