RIPPLE - XRP/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XRPUSDT
ISIN:

RIPPLE - XRP/USDT - 15 min. - Technical analysis published on 12/13/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

22%

44%

My opinion

Bearish under 2.38 USDT

My targets

2.28 USDT (-2.56%)

2.22 USDT (-5.13%)

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 2.38 USDT remains possible. It is advisable to trade RIPPLE - XRP/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.38 USDT. The next bearish objective for sellers is set at 2.28 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.22 USDT. In case of crossing, the next objective would be the support located at 2.12 USDT. PS: if there is a bullish break in the resistance located at 2.38 USDT 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 neutral, but do not change the general bearish opinion of this analysis.

Force

4.3

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

Additional analysis

Quotes

The RIPPLE - XRP/USDT rating is 2.34 USDT. On the day, this instrument gained +0.00% with the lowest point at 2.31 USDT and the highest point at 2.36 USDT. The deviation from the price is +1.30% for the low point and -0.85% for the high point.

2.31

2.36

2.34

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of RIPPLE - XRP/USDT indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near support of triangle

Type : Bullish

Timeframe : 15 minutes

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.04	2.18	2.25	2.34	2.44	2.50	2.61
Change (%)	-12.82%	-6.84%	-3.85%	-	+4.27%	+6.84%	+11.54%
Change	-0.30	-0.16	-0.09	-	+0.10	+0.16	+0.27
Level	Minor	Minor	Major	-	Major	Intermediate	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	2.12	2.22	2.28	2.38	2.44	2.54	2.60
Camarilla	2.30	2.31	2.33	2.34	2.36	2.37	2.38
Woodie	2.10	2.21	2.26	2.37	2.42	2.53	2.58
Fibonacci	2.22	2.28	2.32	2.38	2.44	2.48	2.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.00	1.42	2.02	2.44	3.04	3.46	4.06
Camarilla	2.33	2.42	2.52	2.61	2.70	2.80	2.89
Woodie	1.08	1.47	2.10	2.49	3.12	3.51	4.14
Fibonacci	1.42	1.81	2.05	2.44	2.83	3.07	3.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.50	0.00	0.97	1.47	2.44	2.94	3.91
Camarilla	1.55	1.68	1.82	1.95	2.09	2.22	2.35
Woodie	-0.26	0.12	1.22	1.59	2.69	3.06	4.16
Fibonacci	0.00	0.56	0.91	1.47	2.03	2.38	2.94

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):	39.85
MACD (12,26,9):	-0.0100
Directional Movement:	-23.26
AROON (14):	35.71
DEMA (21):	2.33
Parabolic SAR (0,02-0,02-0,2):	2.33
Elder Ray (13):	-0.01
Super Trend (3,10):	2.36
Zig ZAG (10):	2.34
VORTEX (21):	0.9400
Stochastique (14,3,5):	30.56
TEMA (21):	2.34
Williams %R (14):	-66.67
Chande Momentum Oscillator (20):	0.00
Repulse (5,40,3):	0.6200
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	0.01

MA7:	2.41
MA20:	2.12
MA50:	1.30
MA100:	0.93
MAexp7:	2.34
MAexp20:	2.34
MAexp50:	2.36
MAexp100:	2.37
Price / MA7:	-2.90%
Price / MA20:	+10.38%
Price / MA50:	+80.00%
Price / MA100:	+151.61%
Price / MAexp7:	-0%
Price / MAexp20:	-0%
Price / MAexp50:	-0.85%
Price / MAexp100:	-1.27%

Quotes : - Real time data - Cryptocompare

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

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