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 - 1H - Technical analysis published on 08/15/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 0.582820 USD

My targets

0.545800 USD (-3.99%)

0.533475 USD (-6.16%)

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 0.582820 USD. The next bearish objective for sellers is set at 0.545800 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.533475 USD. If there is any crossing, the next objective would be the support located at 0.519500 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

3.6

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

The RIPPLE - XRP/USD price is 0.568500 USD. The price registered a decrease of -0.05% on the session and was between 0.562300 USD and 0.574100 USD. This implies that the price is at +1.10% from its lowest and at -0.98% from its highest.

0.562300

0.574100

0.568500

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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 sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.533475	0.545800	0.567530	0.568500	0.582820	0.596200	0.627167
Change (%)	-6.16%	-3.99%	-0.17%	-	+2.52%	+4.87%	+10.32%
Change	-0.035025	-0.022700	-0.000970	-	+0.014320	+0.027700	+0.058667
Level	Major	Intermediate	Major	-	Major	Major	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	0.543700	0.554200	0.561500	0.572000	0.579300	0.589800	0.597100
Camarilla	0.563905	0.565537	0.567168	0.568800	0.570432	0.572063	0.573695
Woodie	0.542100	0.553400	0.559900	0.571200	0.577700	0.589000	0.595500
Fibonacci	0.554200	0.561000	0.565200	0.572000	0.578800	0.583000	0.589800

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.252233	0.342367	0.463333	0.553467	0.674433	0.764567	0.885533
Camarilla	0.526248	0.545598	0.564949	0.584300	0.603651	0.623002	0.642353
Woodie	0.267650	0.350075	0.478750	0.561175	0.689850	0.772275	0.900950
Fibonacci	0.342367	0.423007	0.472827	0.553467	0.634107	0.683927	0.764567

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

Technical indicators

Moving averages

RSI (14):	51.03
MACD (12,26,9):	-0.0015
Directional Movement:	-6.226975
AROON (14):	-57.142857
DEMA (21):	0.567129
Parabolic SAR (0,02-0,02-0,2):	0.562300
Elder Ray (13):	0.001458
Super Trend (3,10):	0.576557
Zig ZAG (10):	0.572000
VORTEX (21):	0.9877
Stochastique (14,3,5):	60.45
TEMA (21):	0.566852
Williams %R (14):	-28.81
Chande Momentum Oscillator (20):	0.000200
Repulse (5,40,3):	0.9197
ROCnROLL:	-1
TRIX (15,9):	-0.0478
Courbe Coppock:	0.63

MA7:	0.571900
MA20:	0.574995
MA50:	0.538598
MA100:	0.522906
MAexp7:	0.568340
MAexp20:	0.569168
MAexp50:	0.571264
MAexp100:	0.571097
Price / MA7:	-0.59%
Price / MA20:	-1.13%
Price / MA50:	+5.55%
Price / MA100:	+8.72%
Price / MAexp7:	+0.03%
Price / MAexp20:	-0.12%
Price / MAexp50:	-0.48%
Price / MAexp100:	-0.45%

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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