RIPPLE - XRP/USD - 1H - Technical analysis published on 05/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 0.529300 USD
My targets
0.546300 USD (+1.73%)
0.556900 USD (+3.71%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RIPPLE - XRP/USD. As long as you are above the support located at 0.529300 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.546300 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.556900 USD as an objective. Crossing it would then enable buyers to target 0.604100 USD. If the support 0.529300 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.537000 USD. The price is lower by -0.02% since the last closing and was traded between 0.532900 USD and 0.537200 USD over the period. The price is currently at +0.77% from its lowest and -0.04% from its highest.0.532900
0.537200
0.537000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.506730 | 0.522308 | 0.529300 | 0.537000 | 0.538056 | 0.546300 | 0.556900 |
| Change (%) | -5.64% | -2.74% | -1.43% | - | +0.20% | +1.73% | +3.71% |
| Change | -0.030270 | -0.014692 | -0.007700 | - | +0.001056 | +0.009300 | +0.019900 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 0.501533 | 0.516567 | 0.526833 | 0.541867 | 0.552133 | 0.567167 | 0.577433 |
| Camarilla | 0.530143 | 0.532462 | 0.534781 | 0.537100 | 0.539419 | 0.541738 | 0.544058 |
| Woodie | 0.499150 | 0.515375 | 0.524450 | 0.540675 | 0.549750 | 0.565975 | 0.575050 |
| Fibonacci | 0.516567 | 0.526231 | 0.532202 | 0.541867 | 0.551531 | 0.557502 | 0.567167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.453867 | 0.470533 | 0.495967 | 0.512633 | 0.538067 | 0.554733 | 0.580167 |
| Camarilla | 0.509823 | 0.513682 | 0.517541 | 0.521400 | 0.525259 | 0.529118 | 0.532978 |
| Woodie | 0.458250 | 0.472725 | 0.500350 | 0.514825 | 0.542450 | 0.556925 | 0.584550 |
| Fibonacci | 0.470533 | 0.486616 | 0.496551 | 0.512633 | 0.528716 | 0.538651 | 0.554733 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.91 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | -3.606586 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.539551 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.547600 | |
| Elder Ray (13): | -0.001318 | |
| Super Trend (3,10): | 0.532965 | |
| Zig ZAG (10): | 0.536300 | |
| VORTEX (21): | 1.0047 | |
| Stochastique (14,3,5): | 15.94 | |
| TEMA (21): | 0.536719 | |
| Williams %R (14): | -79.05 | |
| Chande Momentum Oscillator (20): | -0.004900 | |
| Repulse (5,40,3): | 0.2628 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0614 | |
| Courbe Coppock: | 2.40 |
| MA7: | 0.526043 | |
| MA20: | 0.520405 | |
| MA50: | 0.532864 | |
| MA100: | 0.568380 | |
| MAexp7: | 0.536888 | |
| MAexp20: | 0.537638 | |
| MAexp50: | 0.532871 | |
| MAexp100: | 0.527184 | |
| Price / MA7: | +2.08% | |
| Price / MA20: | +3.19% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | -5.52% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +1.86% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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