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 03/13/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.182600 USD
My targets
0.143600 USD (-13.55%)
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 0.182600 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 0.182600 USD. The next bearish objective for sellers is set at 0.143600 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.182600 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.166100 USD. The price is lower by +21.69% since the last closing with the lowest point at 0.116500 USD and the highest point at 0.166100 USD. The deviation from the price is +42.58% for the low point and 0% for the high point.

0.116500
0.166100
0.166100

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of RIPPLE - XRP/USD in 1H shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 0.143600 0.166100 0.182600 0.196767 0.209667
Change (%) -13.55% - +9.93% +18.46% +26.23%
Change -0.022500 - +0.016500 +0.030667 +0.043567
Level Minor - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0261670.0776330.1070670.1585330.1879670.2394330.268867
Camarilla0.1142530.1216680.1290840.1365000.1439160.1513320.158748
Woodie0.0151500.0721250.0960500.1530250.1769500.2339250.257850
Fibonacci0.0776330.1085370.1276300.1585330.1894370.2085300.239433


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2024670.2132330.2249670.2357330.2474670.2582330.269967
Camarilla0.2305130.2325750.2346380.2367000.2387630.2408250.242888
Woodie0.2029500.2134750.2254500.2359750.2479500.2584750.270450
Fibonacci0.2132330.2218280.2271380.2357330.2443280.2496380.258233


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0625670.1430330.1860670.2665330.3095670.3900330.433067
Camarilla0.1951380.2064580.2177790.2291000.2404210.2517420.263063
Woodie0.0438500.1336750.1673500.2571750.2908500.3806750.414350
Fibonacci0.1430330.1902100.2193560.2665330.3137100.3428560.390033

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): 52.07
MACD (12,26,9): -0.0035
Directional Movement: 1.858262
AROON (14): 50.000002
DEMA (21): 0.146788
Parabolic SAR (0,02-0,02-0,2): 0.128295
Elder Ray (13): 0.005516
Super Trend (3,10): 0.125648
Zig ZAG (10): 0.160300
VORTEX (21): 0.9654
Stochastique (14,3,5): 92.35
TEMA (21): 0.153243
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.039800
Repulse (5,40,3): 8.0835
ROCnROLL: -1
TRIX (15,9): -0.7045
Courbe Coppock: 15.75
MA7: 0.195729
MA20: 0.226275
MA50: 0.252120
MA100: 0.231331
MAexp7: 0.155940
MAexp20: 0.153891
MAexp50: 0.167867
MAexp100: 0.184448
Price / MA7: -15.14%
Price / MA20: -26.59%
Price / MA50: -34.12%
Price / MA100: -28.20%
Price / MAexp7: +6.52%
Price / MAexp20: +7.93%
Price / MAexp50: -1.05%
Price / MAexp100: -9.95%

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

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