RIPPLE - XRP/USD - 1H - Technical analysis published on 05/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
44%
28%
My opinion
Bullish above 0.524767 USD
My targets
0.538056 USD (+1.27%)
0.556500 USD (+4.74%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.524767 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.524767 USD. The next bullish objective for buyers is set at 0.538056 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.556500 USD. If there is any crossing, the next objective would be the resistance located at 0.604100 USD. PS: if there is a bearish break in the support located at 0.524767 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.531300 USD. The price is lower by -0.13% since the last closing with the lowest point at 0.527700 USD and the highest point at 0.540900 USD. The deviation from the price is +0.68% for the low point and -1.77% for the high point.0.527700
0.540900
0.531300
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 recently detected a signal:
Price is back over the pivot point
Type : Bullish
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.502911 | 0.514733 | 0.524767 | 0.531300 | 0.538056 | 0.604100 | 0.672611 |
| Change (%) | -5.34% | -3.12% | -1.23% | - | +1.27% | +13.70% | +26.60% |
| Change | -0.028389 | -0.016567 | -0.006533 | - | +0.006756 | +0.072800 | +0.141311 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | 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 | 0.496900 | 0.505800 | 0.518900 | 0.527800 | 0.540900 | 0.549800 | 0.562900 |
| Camarilla | 0.525950 | 0.527967 | 0.529983 | 0.532000 | 0.534017 | 0.536033 | 0.538050 |
| Woodie | 0.499000 | 0.506850 | 0.521000 | 0.528850 | 0.543000 | 0.550850 | 0.565000 |
| Fibonacci | 0.505800 | 0.514204 | 0.519396 | 0.527800 | 0.536204 | 0.541396 | 0.549800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.430900 | 0.469600 | 0.493700 | 0.532400 | 0.556500 | 0.595200 | 0.619300 |
| Camarilla | 0.500530 | 0.506287 | 0.512043 | 0.517800 | 0.523557 | 0.529313 | 0.535070 |
| Woodie | 0.423600 | 0.465950 | 0.486400 | 0.528750 | 0.549200 | 0.591550 | 0.612000 |
| Fibonacci | 0.469600 | 0.493590 | 0.508410 | 0.532400 | 0.556390 | 0.571210 | 0.595200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.196633 | 0.314167 | 0.407133 | 0.524667 | 0.617633 | 0.735167 | 0.828133 |
| Camarilla | 0.442213 | 0.461508 | 0.480804 | 0.500100 | 0.519396 | 0.538692 | 0.557988 |
| Woodie | 0.184350 | 0.308025 | 0.394850 | 0.518525 | 0.605350 | 0.729025 | 0.815850 |
| Fibonacci | 0.314167 | 0.394578 | 0.444256 | 0.524667 | 0.605078 | 0.654756 | 0.735167 |
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): | 54.30 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 13.185836 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.535598 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.532400 | |
| Elder Ray (13): | -0.000498 | |
| Super Trend (3,10): | 0.526950 | |
| Zig ZAG (10): | 0.533000 | |
| VORTEX (21): | 1.0408 | |
| Stochastique (14,3,5): | 41.79 | |
| TEMA (21): | 0.534650 | |
| Williams %R (14): | -60.77 | |
| Chande Momentum Oscillator (20): | 0.001700 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0671 | |
| Courbe Coppock: | 1.41 |
| MA7: | 0.517886 | |
| MA20: | 0.518595 | |
| MA50: | 0.569038 | |
| MA100: | 0.568160 | |
| MAexp7: | 0.533730 | |
| MAexp20: | 0.532746 | |
| MAexp50: | 0.527809 | |
| MAexp100: | 0.522387 | |
| Price / MA7: | +2.59% | |
| Price / MA20: | +2.45% | |
| Price / MA50: | -6.63% | |
| Price / MA100: | -6.49% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +1.71% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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