RIPPLE - XRP/USD
RIPPLE - XRP/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

RIPPLE - XRP/USD - 15 min. - Technical analysis published on 12/03/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 2.61 USD
My targets
2.40 USD (-6.13%)
2.34 USD (-8.48%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. 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 2.61 USD. The next bearish objective for sellers is set at 2.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.34 USD. In case of crossing, the next objective would be the support located at 1.96 USD. In the event of a bullish break in the resistance located at 2.61 USD a certain indecision would take hold.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.8

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:
1H Daily Weekly

Additional analysis

Quotes

RIPPLE - XRP/USD rating 2.56 USD. The price registered a decrease of -6.23% on the session and was traded between 2.53 USD and 2.77 USD over the period. The price is currently at +1.19% from its lowest and -7.58% from its highest.

2.53
2.77
2.56

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 15 min. chart of RIPPLE - XRP/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes



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

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 1.84 2.22 2.50 2.56 2.78
Change (%) -28.13% -13.28% -2.34% - +8.59%
Change -0.72 -0.34 -0.06 - +0.22
Level Major Intermediate 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
Standard1.691.962.342.612.993.263.64
Camarilla2.552.612.672.732.792.852.91
Woodie1.761.992.412.643.063.293.71
Fibonacci1.962.212.362.612.863.013.26


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.841.061.511.732.182.402.85
Camarilla1.771.831.891.952.012.072.13
Woodie0.951.121.621.792.292.462.96
Fibonacci1.061.321.481.731.992.152.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.500.000.971.472.442.943.91
Camarilla1.551.681.821.952.092.222.35
Woodie-0.260.121.221.592.693.064.16
Fibonacci0.000.560.911.472.032.382.94

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): 31.02
MACD (12,26,9): -0.0100
Directional Movement: -19.76
AROON (14): -85.71
DEMA (21): 2.69
Parabolic SAR (0,02-0,02-0,2): 2.77
Elder Ray (13): -0.12
Super Trend (3,10): 2.69
Zig ZAG (10): 2.57
VORTEX (21): 0.8300
Stochastique (14,3,5): 11.25
TEMA (21): 2.64
Williams %R (14): -83.43
Chande Momentum Oscillator (20): -0.18
Repulse (5,40,3): -2.9200
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 4.95
MA7: 2.05
MA20: 1.50
MA50: 0.93
MA100: 0.74
MAexp7: 2.62
MAexp20: 2.70
MAexp50: 2.68
MAexp100: 2.59
Price / MA7: +24.88%
Price / MA20: +70.67%
Price / MA50: +175.27%
Price / MA100: +245.95%
Price / MAexp7: -2.29%
Price / MAexp20: -5.19%
Price / MAexp50: -4.48%
Price / MAexp100: -1.16%

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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