RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Weekly - Technical analysis published on 05/11/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 0.531050 USD

My targets

0.313520 USD (-26.85%)

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 0.531050 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 0.531050 USD. The next bearish objective for sellers is set at 0.313520 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.531050 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.428600 USD. The price is lower by -8.36% over the 5 days and has been traded over the last 5 days between 0.412600 USD and 0.460700 USD. This implies that the 5 day price is +3.88% from its lowest point and -6.97% from its highest point.

0.412600

0.460700

0.428600

A study of price movements over other periods shows the following variations:

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 Weekly chart of RIPPLE - XRP/USD indicates that the overall trend is bearish. The signals given by moving averages are 67.86% 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 a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Weekly

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 these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.313520	0.428600	0.531050	0.871575	1.390000
Change (%)	-26.85%	-	+23.90%	+103.35%	+224.31%
Change	-0.115080	-	+0.102450	+0.442975	+0.961400
Level	Major	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.404767	0.411333	0.420967	0.427533	0.437167	0.443733	0.453367
Camarilla	0.426145	0.427630	0.429115	0.430600	0.432085	0.433570	0.435055
Woodie	0.406300	0.412100	0.422500	0.428300	0.438700	0.444500	0.454900
Fibonacci	0.411333	0.417522	0.421345	0.427533	0.433722	0.437545	0.443733

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.414833	0.432667	0.446033	0.463867	0.477233	0.495067	0.508433
Camarilla	0.450820	0.453680	0.456540	0.459400	0.462260	0.465120	0.467980
Woodie	0.412600	0.431550	0.443800	0.462750	0.475000	0.493950	0.506200
Fibonacci	0.432667	0.444585	0.451948	0.463867	0.475785	0.483148	0.495067

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.35
MACD (12,26,9):	0.0143
Directional Movement:	5.198833
AROON (14):	21.428571
DEMA (21):	0.448148
Parabolic SAR (0,02-0,02-0,2):	0.375221
Elder Ray (13):	-0.008150
Super Trend (3,10):	0.343426
Zig ZAG (10):	0.428200
VORTEX (21):	1.0627
Stochastique (14,3,5):	43.57
TEMA (21):	0.481334
Williams %R (14):	-67.13
Chande Momentum Oscillator (20):	0.042100
Repulse (5,40,3):	-9.8772
ROCnROLL:	2
TRIX (15,9):	0.3361
Courbe Coppock:	45.10

MA7:	0.441957
MA20:	0.458725
MA50:	0.483620
MA100:	0.434989
MAexp7:	0.455861
MAexp20:	0.434806
MAexp50:	0.459309
MAexp100:	0.511400
Price / MA7:	-3.02%
Price / MA20:	-6.57%
Price / MA50:	-11.38%
Price / MA100:	-1.47%
Price / MAexp7:	-5.98%
Price / MAexp20:	-1.43%
Price / MAexp50:	-6.69%
Price / MAexp100:	-16.19%

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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