RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 04/25/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 0.538056 USD

My targets

0.502911 USD (-2.63%)

0.479500 USD (-7.16%)

My analysis

The bearish trend is currently very strong for RIPPLE - XRP/USD. As long as the price remains below the resistance at 0.538056 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.502911 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.479500 USD as an objective. Crossing it would then enable sellers to target 0.313520 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.3

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

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.516500 USD. The price registered a decrease of -2.03% on the session and was traded between 0.515900 USD and 0.530500 USD over the period. The price is currently at +0.12% from its lowest and -2.64% from its highest.

0.515900

0.530500

0.516500

Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:

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 on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.313520	0.479500	0.502911	0.516500	0.538056	0.584900	0.617910
Change (%)	-39.30%	-7.16%	-2.63%	-	+4.17%	+13.24%	+19.63%
Change	-0.202980	-0.037000	-0.013589	-	+0.021556	+0.068400	+0.101410
Level	Major	Major	Major	-	Major	Minor	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	0.484033	0.502467	0.514833	0.533267	0.545633	0.564067	0.576433
Camarilla	0.518730	0.521553	0.524377	0.527200	0.530023	0.532847	0.535670
Woodie	0.481000	0.500950	0.511800	0.531750	0.542600	0.562550	0.573400
Fibonacci	0.502467	0.514232	0.521501	0.533267	0.545032	0.552301	0.564067

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	41.73
MACD (12,26,9):	-0.0192
Directional Movement:	-8.272865
AROON (14):	-14.285714
DEMA (21):	0.515659
Parabolic SAR (0,02-0,02-0,2):	0.565524
Elder Ray (13):	-0.009131
Super Trend (3,10):	0.610777
Zig ZAG (10):	0.517500
VORTEX (21):	0.9389
Stochastique (14,3,5):	52.18
TEMA (21):	0.509036
Williams %R (14):	-53.26
Chande Momentum Oscillator (20):	0.038100
Repulse (5,40,3):	-4.0016
ROCnROLL:	2
TRIX (15,9):	-0.5882
Courbe Coppock:	17.91

MA7:	0.528871
MA20:	0.543425
MA50:	0.593162
MA100:	0.569775
MAexp7:	0.527436
MAexp20:	0.542392
MAexp50:	0.567675
MAexp100:	0.574895
Price / MA7:	-2.34%
Price / MA20:	-4.95%
Price / MA50:	-12.92%
Price / MA100:	-9.35%
Price / MAexp7:	-2.07%
Price / MAexp20:	-4.77%
Price / MAexp50:	-9.01%
Price / MAexp100:	-10.16%

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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