RIPPLE - XRP/USD - Daily - Technical analysis published on 04/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 0.538056 USD
My targets
0.502911 USD (-4.35%)
0.479500 USD (-8.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RIPPLE - XRP/USD as long as the price remains well below 0.538056 USD. The sellers' bearish objective is set at 0.502911 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.479500 USD. In case of crossing, the next objective would be the support located at 0.313520 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by calibox. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.525800 USD. The price is lower by -0.59% since the last closing and was traded between 0.518600 USD and 0.536800 USD over the period. The price is currently at +1.39% from its lowest and -2.05% from its highest.0.518600
0.536800
0.525800
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.313520 | 0.479500 | 0.502911 | 0.525800 | 0.538056 | 0.604100 | 0.672611 |
| Change (%) | -40.37% | -8.81% | -4.35% | - | +2.33% | +14.89% | +27.92% |
| Change | -0.212280 | -0.046300 | -0.022889 | - | +0.012256 | +0.078300 | +0.146811 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.476833 | 0.487767 | 0.508333 | 0.519267 | 0.539833 | 0.550767 | 0.571333 |
| Camarilla | 0.520238 | 0.523125 | 0.526013 | 0.528900 | 0.531788 | 0.534675 | 0.537563 |
| Woodie | 0.481650 | 0.490175 | 0.513150 | 0.521675 | 0.544650 | 0.553175 | 0.576150 |
| Fibonacci | 0.487767 | 0.499800 | 0.507234 | 0.519267 | 0.531300 | 0.538734 | 0.550767 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.420167 | 0.442433 | 0.485667 | 0.507933 | 0.551167 | 0.573433 | 0.616667 |
| Camarilla | 0.510888 | 0.516892 | 0.522896 | 0.528900 | 0.534904 | 0.540908 | 0.546913 |
| Woodie | 0.430650 | 0.447675 | 0.496150 | 0.513175 | 0.561650 | 0.578675 | 0.627150 |
| Fibonacci | 0.442433 | 0.467454 | 0.482912 | 0.507933 | 0.532954 | 0.548412 | 0.573433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.390767 | 0.479933 | 0.554567 | 0.643733 | 0.718367 | 0.807533 | 0.882167 |
| Camarilla | 0.584155 | 0.599170 | 0.614185 | 0.629200 | 0.644215 | 0.659230 | 0.674245 |
| Woodie | 0.383500 | 0.476300 | 0.547300 | 0.640100 | 0.711100 | 0.803900 | 0.874900 |
| Fibonacci | 0.479933 | 0.542505 | 0.581162 | 0.643733 | 0.706305 | 0.744962 | 0.807533 |
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): | 41.55 | |
| MACD (12,26,9): | -0.0272 | |
| Directional Movement: | -11.012142 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.511900 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.581661 | |
| Elder Ray (13): | -0.002962 | |
| Super Trend (3,10): | 0.610777 | |
| Zig ZAG (10): | 0.522100 | |
| VORTEX (21): | 0.8735 | |
| Stochastique (14,3,5): | 41.09 | |
| TEMA (21): | 0.494025 | |
| Williams %R (14): | -56.63 | |
| Chande Momentum Oscillator (20): | -0.091000 | |
| Repulse (5,40,3): | 5.4177 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6136 | |
| Courbe Coppock: | 29.90 |
| MA7: | 0.506943 | |
| MA20: | 0.553095 | |
| MA50: | 0.599824 | |
| MA100: | 0.571323 | |
| MAexp7: | 0.518046 | |
| MAexp20: | 0.545994 | |
| MAexp50: | 0.573152 | |
| MAexp100: | 0.578367 | |
| Price / MA7: | +3.72% | |
| Price / MA20: | -4.93% | |
| Price / MA50: | -12.34% | |
| Price / MA100: | -7.97% | |
| Price / MAexp7: | +1.50% | |
| Price / MAexp20: | -3.70% | |
| Price / MAexp50: | -8.26% | |
| Price / MAexp100: | -9.09% |
Quotes :
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Real time data
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Cryptocompare
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