RIPPLE - XRP/USD - 1H - Technical analysis published on 05/13/2020 (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
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.195400 USD
My targets
0.202700 USD (+1.25%)
0.213589 USD (+6.69%)
My analysis
The strong short-term increase for RIPPLE - XRP/USD reinforces the current slightly bullish trend. As long as the price remains above 0.195400 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.202700 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.213589 USD as an objective. Crossing it would then enable buyers to target 0.218657 USD. A return to 0.195400 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
4.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.200200 USD. On the day, this instrument lost +1.47% and was traded between 0.196000 USD and 0.200900 USD over the period. The price is currently at +2.14% from its lowest and -0.35% from its highest.0.196000
0.200900
0.200200
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:
Technical
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.185000 | 0.192000 | 0.195400 | 0.200200 | 0.202700 | 0.213589 | 0.218657 |
| Change (%) | -7.59% | -4.10% | -2.40% | - | +1.25% | +6.69% | +9.22% |
| Change | -0.015200 | -0.008200 | -0.004800 | - | +0.002500 | +0.013389 | +0.018457 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Minor |
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 | 0.185033 | 0.188367 | 0.192833 | 0.196167 | 0.200633 | 0.203967 | 0.208433 |
| Camarilla | 0.195155 | 0.195870 | 0.196585 | 0.197300 | 0.198015 | 0.198730 | 0.199445 |
| Woodie | 0.185600 | 0.188650 | 0.193400 | 0.196450 | 0.201200 | 0.204250 | 0.209000 |
| Fibonacci | 0.188367 | 0.191346 | 0.193187 | 0.196167 | 0.199146 | 0.200987 | 0.203967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.187767 | 0.197733 | 0.206967 | 0.216933 | 0.226167 | 0.236133 | 0.245367 |
| Camarilla | 0.210920 | 0.212680 | 0.214440 | 0.216200 | 0.217960 | 0.219720 | 0.221480 |
| Woodie | 0.187400 | 0.197550 | 0.206600 | 0.216750 | 0.225800 | 0.235950 | 0.245000 |
| Fibonacci | 0.197733 | 0.205068 | 0.209599 | 0.216933 | 0.224268 | 0.228799 | 0.236133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.107267 | 0.137833 | 0.174767 | 0.205333 | 0.242267 | 0.272833 | 0.309767 |
| Camarilla | 0.193138 | 0.199325 | 0.205513 | 0.211700 | 0.217888 | 0.224075 | 0.230263 |
| Woodie | 0.110450 | 0.139425 | 0.177950 | 0.206925 | 0.245450 | 0.274425 | 0.312950 |
| Fibonacci | 0.137833 | 0.163618 | 0.179548 | 0.205333 | 0.231118 | 0.247048 | 0.272833 |
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): | 60.60 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 4.570229 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.198834 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.196228 | |
| Elder Ray (13): | 0.001607 | |
| Super Trend (3,10): | 0.195499 | |
| Zig ZAG (10): | 0.200800 | |
| VORTEX (21): | 1.0158 | |
| Stochastique (14,3,5): | 85.31 | |
| TEMA (21): | 0.199187 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.003500 | |
| Repulse (5,40,3): | 1.1330 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0480 | |
| Courbe Coppock: | 1.46 |
| MA7: | 0.206129 | |
| MA20: | 0.209385 | |
| MA50: | 0.194020 | |
| MA100: | 0.213869 | |
| MAexp7: | 0.199190 | |
| MAexp20: | 0.197868 | |
| MAexp50: | 0.197695 | |
| MAexp100: | 0.200568 | |
| Price / MA7: | -2.88% | |
| Price / MA20: | -4.39% | |
| Price / MA50: | +3.19% | |
| Price / MA100: | -6.39% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +1.18% | |
| Price / MAexp50: | +1.27% | |
| Price / MAexp100: | -0.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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