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: Slightly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 2.50 USD

My targets

2.32 USD (-2.93%)

2.18 USD (-8.91%)

My analysis

RIPPLE - XRP/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 2.50 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 2.32 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 2.18 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.84 USD. Beware of a possible return to above the resistance located at 2.50 USD which would be a sign of a correction of the short-term bearish excesses registered.

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

4.6

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

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 2.39 USD. On the day, this instrument lost -4.78% and was between 2.30 USD and 2.67 USD. This implies that the price is at +3.91% from its lowest and at -10.49% from its highest.

2.30

2.67

2.39

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

Bearish opening

Type : Bearish

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 an item:

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 an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.39	1.84	2.32	2.39	2.50	2.78
Change (%)	-41.84%	-23.01%	-2.93%	-	+4.60%	+16.32%
Change	-1.00	-0.55	-0.07	-	+0.11	+0.39
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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	34.81
MACD (12,26,9):	-0.0500
Directional Movement:	-13.34
AROON (14):	-57.15
DEMA (21):	2.44
Parabolic SAR (0,02-0,02-0,2):	2.63
Elder Ray (13):	-0.10
Super Trend (3,10):	2.60
Zig ZAG (10):	2.33
VORTEX (21):	0.8700
Stochastique (14,3,5):	15.96
TEMA (21):	2.38
Williams %R (14):	-86.54
Chande Momentum Oscillator (20):	-0.29
Repulse (5,40,3):	-3.2500
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	13.91

MA7:	2.17
MA20:	1.58
MA50:	0.96
MA100:	0.76
MAexp7:	2.42
MAexp20:	2.50
MAexp50:	2.51
MAexp100:	2.37
Price / MA7:	+10.14%
Price / MA20:	+51.27%
Price / MA50:	+148.96%
Price / MA100:	+214.47%
Price / MAexp7:	-1.24%
Price / MAexp20:	-4.40%
Price / MAexp50:	-4.78%
Price / MAexp100:	+0.84%

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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