RIPPLE - XRP/USD
RIPPLE - XRP/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 05/05/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: 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

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:
15 min. Daily Weekly

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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

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:

Central 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:

Central Patterns

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:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.4458670.4504330.4558670.4604330.4658670.4704330.475867
Camarilla0.4585500.4594670.4603830.4613000.4622170.4631330.464050
Woodie0.4463000.4506500.4563000.4606500.4663000.4706500.476300
Fibonacci0.4504330.4542530.4566130.4604330.4642530.4666130.470433


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.4025330.4202670.4492330.4669670.4959330.5136670.542633
Camarilla0.4653580.4696380.4739190.4782000.4824810.4867620.491043
Woodie0.4081500.4230750.4548500.4697750.5015500.5164750.548250
Fibonacci0.4202670.4381060.4491270.4669670.4848060.4958270.513667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3155330.3767670.4241330.4853670.5327330.5939670.641333
Camarilla0.4416350.4515900.4615450.4715000.4814550.4914100.501365
Woodie0.3086000.3733000.4172000.4819000.5258000.5905000.634400
Fibonacci0.3767670.4182520.4438820.4853670.5268520.5524820.593967

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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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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