RIPPLE - XRP/USD - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 0.502911 USD
My targets
0.486900 USD (-2.25%)
0.479500 USD (-3.73%)
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 0.502911 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.502911 USD. The next bearish objective for sellers is set at 0.486900 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. PS: if there is a bullish break in the resistance located at 0.502911 USD 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.498100 USD. On the day, this instrument lost -0.40% and was between 0.478900 USD and 0.503900 USD. This implies that the price is at +4.01% from its lowest and at -1.15% from its highest.0.478900
0.503900
0.498100
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Technical
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.313520 | 0.479500 | 0.486900 | 0.498100 | 0.502911 | 0.514200 | 0.525045 |
| Change (%) | -37.06% | -3.73% | -2.25% | - | +0.97% | +3.23% | +5.41% |
| Change | -0.184580 | -0.018600 | -0.011200 | - | +0.004811 | +0.016100 | +0.026945 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.452633 | 0.469767 | 0.484933 | 0.502067 | 0.517233 | 0.534367 | 0.549533 |
| Camarilla | 0.491218 | 0.494178 | 0.497139 | 0.500100 | 0.503061 | 0.506022 | 0.508983 |
| Woodie | 0.451650 | 0.469275 | 0.483950 | 0.501575 | 0.516250 | 0.533875 | 0.548550 |
| Fibonacci | 0.469767 | 0.482105 | 0.489728 | 0.502067 | 0.514405 | 0.522028 | 0.534367 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.38 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -13.506343 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.494659 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.479298 | |
| Elder Ray (13): | 0.001918 | |
| Super Trend (3,10): | 0.501778 | |
| Zig ZAG (10): | 0.499000 | |
| VORTEX (21): | 1.0233 | |
| Stochastique (14,3,5): | 77.20 | |
| TEMA (21): | 0.495760 | |
| Williams %R (14): | -18.80 | |
| Chande Momentum Oscillator (20): | -0.003800 | |
| Repulse (5,40,3): | 1.2642 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0657 | |
| Courbe Coppock: | 1.82 |
| MA7: | 0.513429 | |
| MA20: | 0.515030 | |
| MA50: | 0.576850 | |
| MA100: | 0.567634 | |
| MAexp7: | 0.496858 | |
| MAexp20: | 0.497048 | |
| MAexp50: | 0.501388 | |
| MAexp100: | 0.507518 | |
| Price / MA7: | -2.99% | |
| Price / MA20: | -3.29% | |
| Price / MA50: | -13.65% | |
| Price / MA100: | -12.25% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -1.86% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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