RIPPLE - XRP/USD

- USD (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 12/03/2024 (GMT)

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Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 2.50 USD

My targets

2.78 USD (+9.02%)

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 2.50 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.78 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 2.50 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.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.5

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RIPPLE - XRP/USD price is 2.55 USD. On the day, this instrument lost -6.59% and was between 2.53 USD and 2.77 USD. This implies that the price is at +0.79% from its lowest and at -7.94% from its highest.

2.53

2.77

2.55

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1.84	2.22	2.50	2.55	2.78
Change (%)	-27.84%	-12.94%	-1.96%	-	+9.02%
Change	-0.71	-0.33	-0.05	-	+0.23
Level	Major	Intermediate	Minor	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.69	1.96	2.34	2.61	2.99	3.26	3.64
Camarilla	2.55	2.61	2.67	2.73	2.79	2.85	2.91
Woodie	1.76	1.99	2.41	2.64	3.06	3.29	3.71
Fibonacci	1.96	2.21	2.36	2.61	2.86	3.01	3.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.84	1.06	1.51	1.73	2.18	2.40	2.85
Camarilla	1.77	1.83	1.89	1.95	2.01	2.07	2.13
Woodie	0.95	1.12	1.62	1.79	2.29	2.46	2.96
Fibonacci	1.06	1.32	1.48	1.73	1.99	2.15	2.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.50	0.00	0.97	1.47	2.44	2.94	3.91
Camarilla	1.55	1.68	1.82	1.95	2.09	2.22	2.35
Woodie	-0.26	0.12	1.22	1.59	2.69	3.06	4.16
Fibonacci	0.00	0.56	0.91	1.47	2.03	2.38	2.94

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):	48.69
MACD (12,26,9):	0.0800
Directional Movement:	1.50
AROON (14):	-78.57
DEMA (21):	2.76
Parabolic SAR (0,02-0,02-0,2):	2.87
Elder Ray (13):	-0.09
Super Trend (3,10):	2.44
Zig ZAG (10):	2.54
VORTEX (21):	1.1000
Stochastique (14,3,5):	29.25
TEMA (21):	2.72
Williams %R (14):	-85.48
Chande Momentum Oscillator (20):	-0.18
Repulse (5,40,3):	-4.9900
ROCnROLL:	-1
TRIX (15,9):	0.7100
Courbe Coppock:	7.09

MA7:	2.05
MA20:	1.50
MA50:	0.93
MA100:	0.74
MAexp7:	2.66
MAexp20:	2.63
MAexp50:	2.41
MAexp100:	2.17
Price / MA7:	+24.39%
Price / MA20:	+70.00%
Price / MA50:	+174.19%
Price / MA100:	+244.59%
Price / MAexp7:	-4.14%
Price / MAexp20:	-3.04%
Price / MAexp50:	+5.81%
Price / MAexp100:	+17.51%

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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