RIPPLE - XRP/USD - 1H - Technical analysis published on 07/06/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.385400 USD
My targets
0.374100 USD (-2.02%)
0.363100 USD (-4.90%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on Ripple - XRP/USD as long as the price remains well below 0.385400 USD. The next bearish objective for sellers is set at 0.374100 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.363100 USD. If there is any crossing, the next objective would be the support located at 0.318340 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Ripple - XRP/USD rating 0.381800 USD. The price has increased by +0.63% since the last closing and was traded between 0.379300 USD and 0.387600 USD over the period. The price is currently at +0.66% from its lowest and -1.50% from its highest.0.379300
0.387600
0.381800
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by Ripple - XRP/USD:
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 strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
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:
Support of channel is broken
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:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.318340 | 0.363100 | 0.374100 | 0.381800 | 0.385400 | 0.403800 | 0.419300 |
| Change (%) | -16.62% | -4.90% | -2.02% | - | +0.94% | +5.76% | +9.82% |
| Change | -0.063460 | -0.018700 | -0.007700 | - | +0.003600 | +0.022000 | +0.037500 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 0.358167 | 0.371633 | 0.379267 | 0.392733 | 0.400367 | 0.413833 | 0.421467 |
| Camarilla | 0.381097 | 0.383032 | 0.384966 | 0.386900 | 0.388834 | 0.390768 | 0.392702 |
| Woodie | 0.355250 | 0.370175 | 0.376350 | 0.391275 | 0.397450 | 0.412375 | 0.418550 |
| Fibonacci | 0.371633 | 0.379694 | 0.384673 | 0.392733 | 0.400794 | 0.405773 | 0.413833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.270467 | 0.329033 | 0.376867 | 0.435433 | 0.483267 | 0.541833 | 0.589667 |
| Camarilla | 0.395440 | 0.405193 | 0.414947 | 0.424700 | 0.434453 | 0.444207 | 0.453960 |
| Woodie | 0.265100 | 0.326350 | 0.371500 | 0.432750 | 0.477900 | 0.539150 | 0.584300 |
| Fibonacci | 0.329033 | 0.369678 | 0.394789 | 0.435433 | 0.476078 | 0.501189 | 0.541833 |
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): | 39.42 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -16.631202 | |
| AROON (14): | 28.571428 | |
| DEMA (21): | 0.379292 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.385152 | |
| Elder Ray (13): | -0.001644 | |
| Super Trend (3,10): | 0.388221 | |
| Zig ZAG (10): | 0.380000 | |
| VORTEX (21): | 0.9201 | |
| Stochastique (14,3,5): | 59.13 | |
| TEMA (21): | 0.379738 | |
| Williams %R (14): | -52.08 | |
| Chande Momentum Oscillator (20): | -0.001000 | |
| Repulse (5,40,3): | -0.1809 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1180 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.398914 | |
| MA20: | 0.428750 | |
| MA50: | 0.416214 | |
| MA100: | 0.370515 | |
| MAexp7: | 0.381035 | |
| MAexp20: | 0.382915 | |
| MAexp50: | 0.388124 | |
| MAexp100: | 0.394014 | |
| Price / MA7: | -4.29% | |
| Price / MA20: | -10.95% | |
| Price / MA50: | -8.27% | |
| Price / MA100: | +3.05% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -1.63% | |
| Price / MAexp100: | -3.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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