RIPPLE - XRP/USDT - Daily - Technical analysis published on 05/16/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 1.39 USDT
My targets
1.65 USDT (+7.84%)
1.83 USDT (+19.61%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RIPPLE - XRP/USDT as long as the price remains well above 1.39 USDT. The buyers' bullish objective is set at 1.65 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.83 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
7.1
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This analysis was given by Keums91. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USDT rating is 1.53 USDT. On the day, this instrument gained +3.38% with the lowest point at 1.48 USDT and the highest point at 1.54 USDT. The deviation from the price is +3.38% for the low point and -0.65% for the high point.1.48
1.54
1.53
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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/USDT:
Technical
A technical analysis in Daily of this RIPPLE - XRP/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.63 | 1.03 | 1.39 | 1.53 | 1.65 | 1.83 |
| Change (%) | -58.82% | -32.68% | -9.15% | - | +7.84% | +19.61% |
| Change | -0.90 | -0.50 | -0.14 | - | +0.12 | +0.30 |
| Level | Major | Major | Intermediate | - | Major | Intermediate |
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 | 1.08 | 1.20 | 1.34 | 1.46 | 1.60 | 1.72 | 1.86 |
| Camarilla | 1.41 | 1.43 | 1.46 | 1.48 | 1.50 | 1.53 | 1.55 |
| Woodie | 1.09 | 1.21 | 1.35 | 1.47 | 1.61 | 1.73 | 1.87 |
| Fibonacci | 1.20 | 1.30 | 1.36 | 1.46 | 1.56 | 1.62 | 1.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 1.05 | 1.27 | 1.44 | 1.66 | 1.83 | 2.05 |
| Camarilla | 1.37 | 1.41 | 1.44 | 1.48 | 1.52 | 1.55 | 1.59 |
| Woodie | 0.90 | 1.06 | 1.29 | 1.45 | 1.68 | 1.84 | 2.07 |
| Fibonacci | 1.05 | 1.20 | 1.29 | 1.44 | 1.59 | 1.68 | 1.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.63 | -0.04 | 0.78 | 1.37 | 2.19 | 2.78 | 3.60 |
| Camarilla | 1.21 | 1.34 | 1.47 | 1.60 | 1.73 | 1.86 | 1.99 |
| Woodie | -0.52 | 0.02 | 0.90 | 1.43 | 2.31 | 2.84 | 3.72 |
| Fibonacci | -0.04 | 0.50 | 0.83 | 1.37 | 1.91 | 2.24 | 2.78 |
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): | 55.79 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 1.29 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.69 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 1.71 | |
| Zig ZAG (10): | 1.54 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 46.20 | |
| TEMA (21): | 1.43 | |
| Williams %R (14): | -54.56 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 4.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8000 | |
| Courbe Coppock: | 0.95 |
| MA7: | 1.42 | |
| MA20: | 1.49 | |
| MA50: | 1.26 | |
| MA100: | 0.88 | |
| MAexp7: | 1.44 | |
| MAexp20: | 1.44 | |
| MAexp50: | 1.26 | |
| MAexp100: | 1.00 | |
| Price / MA7: | +7.75% | |
| Price / MA20: | +2.68% | |
| Price / MA50: | +21.43% | |
| Price / MA100: | +73.86% | |
| Price / MAexp7: | +6.25% | |
| Price / MAexp20: | +6.25% | |
| Price / MAexp50: | +21.43% | |
| Price / MAexp100: | +53.00% |
Quotes :
-
Real time data
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