RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 08/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 0.568633 USD

My targets

0.546400 USD (-2.11%)

0.533475 USD (-4.43%)

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 0.568633 USD. The sellers' bearish objective is set at 0.546400 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.533475 USD. In case of crossing, the next objective would be the support located at 0.478440 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

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

Additional analysis

Quotes

RIPPLE - XRP/USD rating 0.558200 USD. The price registered a decrease of -0.34% on the session and was between 0.542900 USD and 0.577000 USD. This implies that the price is at +2.82% from its lowest and at -3.26% from its highest.

0.542900

0.577000

0.558200

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.533475	0.546400	0.557400	0.558200	0.595240	0.613900	0.626100
Change (%)	-4.43%	-2.11%	-0.14%	-	+6.64%	+9.98%	+12.16%
Change	-0.024725	-0.011800	-0.000800	-	+0.037040	+0.055700	+0.067900
Level	Major	Major	Minor	-	Intermediate	Intermediate	Minor

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	0.489000	0.517700	0.538900	0.567600	0.588800	0.617500	0.638700
Camarilla	0.546378	0.550952	0.555526	0.560100	0.564674	0.569248	0.573823
Woodie	0.485250	0.515825	0.535150	0.565725	0.585050	0.615625	0.634950
Fibonacci	0.517700	0.536762	0.548538	0.567600	0.586662	0.598438	0.617500

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.509333	0.541367	0.568633	0.600667	0.627933	0.659967	0.687233
Camarilla	0.579593	0.585028	0.590464	0.595900	0.601336	0.606772	0.612208
Woodie	0.506950	0.540175	0.566250	0.599475	0.625550	0.658775	0.684850
Fibonacci	0.541367	0.564019	0.578014	0.600667	0.623319	0.637314	0.659967

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.183900	0.285900	0.454400	0.556400	0.724900	0.826900	0.995400
Camarilla	0.548513	0.573308	0.598104	0.622900	0.647696	0.672492	0.697288
Woodie	0.217150	0.302525	0.487650	0.573025	0.758150	0.843525	1.028650
Fibonacci	0.285900	0.389231	0.453069	0.556400	0.659731	0.723569	0.826900

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):	37.54
MACD (12,26,9):	-0.0038
Directional Movement:	-21.020111
AROON (14):	-78.571429
DEMA (21):	0.558650
Parabolic SAR (0,02-0,02-0,2):	0.573662
Elder Ray (13):	-0.006903
Super Trend (3,10):	0.572659
Zig ZAG (10):	0.554400
VORTEX (21):	0.9993
Stochastique (14,3,5):	29.45
TEMA (21):	0.559531
Williams %R (14):	-71.20
Chande Momentum Oscillator (20):	-0.013800
Repulse (5,40,3):	0.4323
ROCnROLL:	2
TRIX (15,9):	-0.0610
Courbe Coppock:	2.62

MA7:	0.595000
MA20:	0.593340
MA50:	0.520412
MA100:	0.518121
MAexp7:	0.559000
MAexp20:	0.564467
MAexp50:	0.573721
MAexp100:	0.585633
Price / MA7:	-6.18%
Price / MA20:	-5.92%
Price / MA50:	+7.26%
Price / MA100:	+7.74%
Price / MAexp7:	-0.14%
Price / MAexp20:	-1.11%
Price / MAexp50:	-2.71%
Price / MAexp100:	-4.68%

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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Londinia AI

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