RIPPLE - XRP/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 12/04/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

67%

11%

My opinion

Bearish under 2.50 USD

My targets

2.32 USD (-4.92%)

2.18 USD (-10.78%)

My analysis

The current short-term bearish acceleration registered on RIPPLE - XRP/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 2.50 USD. Short-term sellers will use the support located at 2.32 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 2.18 USD. Crossing this support would then open the door for sellers to target 1.84 USD. Caution, if there is a return to below 2.50 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.9

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

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 2.44 USD. On the day, this instrument lost -2.79% and was between 2.32 USD and 2.67 USD. This implies that the price is at +5.17% from its lowest and at -8.61% from its highest.

2.32

2.67

2.44

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

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 an element:

New HIGH record (5 years)

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

Technical analysis of RIPPLE - XRP/USD in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.39	1.84	2.32	2.44	2.50	2.78
Change (%)	-43.03%	-24.59%	-4.92%	-	+2.46%	+13.93%
Change	-1.05	-0.60	-0.12	-	+0.06	+0.34
Level	Major	Major	Intermediate	-	Minor	Major

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	1.69	2.00	2.26	2.57	2.83	3.14	3.40
Camarilla	2.35	2.41	2.46	2.51	2.56	2.62	2.67
Woodie	1.66	1.99	2.23	2.56	2.80	3.13	3.37
Fibonacci	2.00	2.22	2.36	2.57	2.79	2.93	3.14

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 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):	38.70
MACD (12,26,9):	-0.0400
Directional Movement:	-13.28
AROON (14):	-57.14
DEMA (21):	2.50
Parabolic SAR (0,02-0,02-0,2):	2.65
Elder Ray (13):	-0.10
Super Trend (3,10):	2.63
Zig ZAG (10):	2.47
VORTEX (21):	0.8600
Stochastique (14,3,5):	24.55
TEMA (21):	2.46
Williams %R (14):	-64.99
Chande Momentum Oscillator (20):	-0.16
Repulse (5,40,3):	-0.4500
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	6.38

MA7:	2.18
MA20:	1.58
MA50:	0.96
MA100:	0.76
MAexp7:	2.48
MAexp20:	2.54
MAexp50:	2.52
MAexp100:	2.37
Price / MA7:	+11.93%
Price / MA20:	+54.43%
Price / MA50:	+154.17%
Price / MA100:	+221.05%
Price / MAexp7:	-1.61%
Price / MAexp20:	-3.94%
Price / MAexp50:	-3.17%
Price / MAexp100:	+2.95%

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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