RIPPLE - XRP/USDT - 1H - Technical analysis published on 03/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.506167 USDT
My targets
0.532367 USDT (+1.58%)
0.556967 USDT (+6.27%)
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 0.506167 USDT. The buyers' bullish objective is set at 0.532367 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.556967 USDT. If there is any crossing, the next objective would be the resistance located at 0.869425 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USDT rating 0.524100 USDT. The price has increased by +9.42% since the last closing and was traded between 0.466800 USDT and 0.530200 USDT over the period. The price is currently at +12.28% from its lowest and -1.15% from its highest.0.466800
0.530200
0.524100
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
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.469300 | 0.492700 | 0.506167 | 0.524100 | 0.532367 | 0.869425 | 1.391000 |
| Change (%) | -10.46% | -5.99% | -3.42% | - | +1.58% | +65.89% | +165.41% |
| Change | -0.054800 | -0.031400 | -0.017933 | - | +0.008267 | +0.345325 | +0.866900 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 0.405233 | 0.423867 | 0.451433 | 0.470067 | 0.497633 | 0.516267 | 0.543833 |
| Camarilla | 0.466295 | 0.470530 | 0.474765 | 0.479000 | 0.483235 | 0.487470 | 0.491705 |
| Woodie | 0.409700 | 0.426100 | 0.455900 | 0.472300 | 0.502100 | 0.518500 | 0.548300 |
| Fibonacci | 0.423867 | 0.441515 | 0.452418 | 0.470067 | 0.487715 | 0.498618 | 0.516267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.257633 | 0.314567 | 0.378833 | 0.435767 | 0.500033 | 0.556967 | 0.621233 |
| Camarilla | 0.409770 | 0.420880 | 0.431990 | 0.443100 | 0.454210 | 0.465320 | 0.476430 |
| Woodie | 0.261300 | 0.316400 | 0.382500 | 0.437600 | 0.503700 | 0.558800 | 0.624900 |
| Fibonacci | 0.314567 | 0.360865 | 0.389468 | 0.435767 | 0.482065 | 0.510668 | 0.556967 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.305900 | 0.334300 | 0.363500 | 0.391900 | 0.421100 | 0.449500 | 0.478700 |
| Camarilla | 0.376860 | 0.382140 | 0.387420 | 0.392700 | 0.397980 | 0.403260 | 0.408540 |
| Woodie | 0.306300 | 0.334500 | 0.363900 | 0.392100 | 0.421500 | 0.449700 | 0.479100 |
| Fibonacci | 0.334300 | 0.356303 | 0.369897 | 0.391900 | 0.413903 | 0.427497 | 0.449500 |
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): | 76.14 | |
| MACD (12,26,9): | 0.0129 | |
| Directional Movement: | 27.619189 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.515897 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.504452 | |
| Elder Ray (13): | 0.018701 | |
| Super Trend (3,10): | 0.495404 | |
| Zig ZAG (10): | 0.524800 | |
| VORTEX (21): | 1.2401 | |
| Stochastique (14,3,5): | 86.51 | |
| TEMA (21): | 0.521527 | |
| Williams %R (14): | -9.83 | |
| Chande Momentum Oscillator (20): | 0.043700 | |
| Repulse (5,40,3): | 1.8913 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3065 | |
| Courbe Coppock: | 12.80 |
| MA7: | 0.455114 | |
| MA20: | 0.405655 | |
| MA50: | 0.395710 | |
| MA100: | 0.383625 | |
| MAexp7: | 0.515074 | |
| MAexp20: | 0.499996 | |
| MAexp50: | 0.482118 | |
| MAexp100: | 0.465850 | |
| Price / MA7: | +15.16% | |
| Price / MA20: | +29.20% | |
| Price / MA50: | +32.45% | |
| Price / MA100: | +36.62% | |
| Price / MAexp7: | +1.75% | |
| Price / MAexp20: | +4.82% | |
| Price / MAexp50: | +8.71% | |
| Price / MAexp100: | +12.50% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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