RIPPLE - XRP/USD - 1H - Technical analysis published on 01/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
33%
22%
44%
My opinion
Bearish under 0.233800 USD
My targets
0.219778 USD (-3.31%)
0.215071 USD (-5.38%)
My analysis
The strong short-term decrease of RIPPLE - XRP/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 0.233800 USD, a sale could be considered. The first bearish objective is located at 0.219778 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 0.215071 USD. If there is any crossing, the next objective would be support 0.209833 USD. Caution, if there is a return to above 0.233800 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
0.7
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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 0.227300 USD. The price registered a decrease of -2.66% on the session and was between 0.222700 USD and 0.234700 USD. This implies that the price is at +2.07% from its lowest and at -3.15% from its highest.0.222700
0.234700
0.227300
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.215071 | 0.219778 | 0.226300 | 0.227300 | 0.233800 | 0.237300 | 0.244700 |
| Change (%) | -5.38% | -3.31% | -0.44% | - | +2.86% | +4.40% | +7.66% |
| Change | -0.012229 | -0.007522 | -0.001000 | - | +0.006500 | +0.010000 | +0.017400 |
| Level | Minor | Minor | Minor | - | Major | Minor | 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 | 0.208700 | 0.217500 | 0.225500 | 0.234300 | 0.242300 | 0.251100 | 0.259100 |
| Camarilla | 0.228880 | 0.230420 | 0.231960 | 0.233500 | 0.235040 | 0.236580 | 0.238120 |
| Woodie | 0.208300 | 0.217300 | 0.225100 | 0.234100 | 0.241900 | 0.250900 | 0.258700 |
| Fibonacci | 0.217500 | 0.223918 | 0.227882 | 0.234300 | 0.240718 | 0.244682 | 0.251100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.162967 | 0.177933 | 0.194767 | 0.209733 | 0.226567 | 0.241533 | 0.258367 |
| Camarilla | 0.202855 | 0.205770 | 0.208685 | 0.211600 | 0.214515 | 0.217430 | 0.220345 |
| Woodie | 0.163900 | 0.178400 | 0.195700 | 0.210200 | 0.227500 | 0.242000 | 0.259300 |
| Fibonacci | 0.177933 | 0.190081 | 0.197586 | 0.209733 | 0.221881 | 0.229386 | 0.241533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.110000 | 0.142400 | 0.167500 | 0.199900 | 0.225000 | 0.257400 | 0.282500 |
| Camarilla | 0.176788 | 0.182058 | 0.187329 | 0.192600 | 0.197871 | 0.203142 | 0.208413 |
| Woodie | 0.106350 | 0.140575 | 0.163850 | 0.198075 | 0.221350 | 0.255575 | 0.278850 |
| Fibonacci | 0.142400 | 0.164365 | 0.177935 | 0.199900 | 0.221865 | 0.235435 | 0.257400 |
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): | 44.75 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -0.609876 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.226090 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.231224 | |
| Elder Ray (13): | 0.000013 | |
| Super Trend (3,10): | 0.233203 | |
| Zig ZAG (10): | 0.227100 | |
| VORTEX (21): | 0.8713 | |
| Stochastique (14,3,5): | 46.54 | |
| TEMA (21): | 0.224641 | |
| Williams %R (14): | -38.89 | |
| Chande Momentum Oscillator (20): | 0.002600 | |
| Repulse (5,40,3): | 0.1247 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1162 | |
| Courbe Coppock: | 3.17 |
| MA7: | 0.220929 | |
| MA20: | 0.206400 | |
| MA50: | 0.208682 | |
| MA100: | 0.241973 | |
| MAexp7: | 0.226760 | |
| MAexp20: | 0.228043 | |
| MAexp50: | 0.228404 | |
| MAexp100: | 0.224818 | |
| Price / MA7: | +2.88% | |
| Price / MA20: | +10.13% | |
| Price / MA50: | +8.92% | |
| Price / MA100: | -6.06% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.48% | |
| Price / MAexp100: | +1.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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