RIPPLE - XRP/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XRPUSDT
ISIN:

RIPPLE - XRP/USDT - Daily - Technical analysis published on 05/06/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

61%

39%

My opinion

Neutral between 0.503128 USDT and 0.603760 USDT

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 0.503128 USDT. The first resistance is located at 0.603760 USDT. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RIPPLE - XRP/USDT rating is 0.545065 USDT. On the day, this instrument gained +2.93% and was traded between 0.524936 USDT and 0.569999 USDT over the period. The price is currently at +3.83% from its lowest and -4.37% from its highest.

0.524936

0.569999

0.545065

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this RIPPLE - XRP/USDT chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.478749	0.503128	0.537600	0.545065	0.555964	0.603760	0.671894
Change (%)	-12.17%	-7.69%	-1.37%	-	+2.00%	+10.77%	+23.27%
Change	-0.066316	-0.041937	-0.007465	-	+0.010899	+0.058695	+0.126829
Level	Intermediate	Intermediate	Major	-	Minor	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	0.515391	0.519730	0.524650	0.528989	0.533909	0.538248	0.543168
Camarilla	0.527025	0.527874	0.528722	0.529571	0.530420	0.531269	0.532117
Woodie	0.515683	0.519875	0.524942	0.529134	0.534201	0.538393	0.543460
Fibonacci	0.519730	0.523267	0.525452	0.528989	0.532526	0.534711	0.538248

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.430655	0.454849	0.492515	0.516709	0.554375	0.578569	0.616235
Camarilla	0.513171	0.518841	0.524512	0.530182	0.535853	0.541523	0.547194
Woodie	0.437392	0.458217	0.499252	0.520077	0.561112	0.581937	0.622972
Fibonacci	0.454849	0.478479	0.493078	0.516709	0.540339	0.554938	0.578569

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.195036	0.313043	0.406855	0.524862	0.618674	0.736681	0.830493
Camarilla	0.442417	0.461834	0.481250	0.500667	0.520084	0.539501	0.558917
Woodie	0.182939	0.306994	0.394758	0.518813	0.606577	0.730632	0.818396
Fibonacci	0.313043	0.393958	0.443947	0.524862	0.605777	0.655766	0.736681

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):	54.10
MACD (12,26,9):	-0.0078
Directional Movement:	2.632043
AROON (14):	-64.285714
DEMA (21):	0.517004
Parabolic SAR (0,02-0,02-0,2):	0.441608
Elder Ray (13):	0.019653
Super Trend (3,10):	0.590580
Zig ZAG (10):	0.548330
VORTEX (21):	1.0801
Stochastique (14,3,5):	62.07
TEMA (21):	0.523956
Williams %R (14):	-23.51
Chande Momentum Oscillator (20):	0.020753
Repulse (5,40,3):	3.7451
ROCnROLL:	-1
TRIX (15,9):	-0.3882
Courbe Coppock:	1.73

MA7:	0.525019
MA20:	0.522710
MA50:	0.566017
MA100:	0.568116
MAexp7:	0.530265
MAexp20:	0.531080
MAexp50:	0.551982
MAexp100:	0.564310
Price / MA7:	+3.82%
Price / MA20:	+4.28%
Price / MA50:	-3.70%
Price / MA100:	-4.06%
Price / MAexp7:	+2.79%
Price / MAexp20:	+2.63%
Price / MAexp50:	-1.25%
Price / MAexp100:	-3.41%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15133

Number of analyses :

76193

Followers :

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…