RIPPLE - XRP/USD - 1H - Technical analysis published on 05/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.202700 USD
My targets
0.210800 USD (+3.23%)
0.214750 USD (+5.17%)
My analysis
RIPPLE - XRP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.202700 USD. The next resistance located at 0.210800 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.214750 USD. After this resistance, buyers could then target 0.218657 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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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 0.204200 USD. On the day, this instrument lost +1.09% with the lowest point at 0.199300 USD and the highest point at 0.206500 USD. The deviation from the price is +2.46% for the low point and -1.11% for the high point.0.199300
0.206500
0.204200
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of RIPPLE - XRP/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
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
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.185000 | 0.196056 | 0.202700 | 0.204200 | 0.210800 | 0.214750 | 0.218657 |
| Change (%) | -9.40% | -3.99% | -0.73% | - | +3.23% | +5.17% | +7.08% |
| Change | -0.019200 | -0.008144 | -0.001500 | - | +0.006600 | +0.010550 | +0.014457 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.188800 | 0.192400 | 0.197200 | 0.200800 | 0.205600 | 0.209200 | 0.214000 |
| Camarilla | 0.199690 | 0.200460 | 0.201230 | 0.202000 | 0.202770 | 0.203540 | 0.204310 |
| Woodie | 0.189400 | 0.192700 | 0.197800 | 0.201100 | 0.206200 | 0.209500 | 0.214600 |
| Fibonacci | 0.192400 | 0.195609 | 0.197591 | 0.200800 | 0.204009 | 0.205991 | 0.209200 |
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): | 60.67 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 17.646992 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.203602 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.199763 | |
| Elder Ray (13): | 0.002316 | |
| Super Trend (3,10): | 0.199300 | |
| Zig ZAG (10): | 0.204100 | |
| VORTEX (21): | 1.0877 | |
| Stochastique (14,3,5): | 77.81 | |
| TEMA (21): | 0.203809 | |
| Williams %R (14): | -31.94 | |
| Chande Momentum Oscillator (20): | 0.002200 | |
| Repulse (5,40,3): | 0.2454 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0729 | |
| Courbe Coppock: | 1.08 |
| MA7: | 0.204200 | |
| MA20: | 0.210035 | |
| MA50: | 0.194912 | |
| MA100: | 0.213276 | |
| MAexp7: | 0.203189 | |
| MAexp20: | 0.202091 | |
| MAexp50: | 0.200457 | |
| MAexp100: | 0.201143 | |
| Price / MA7: | -0% | |
| Price / MA20: | -2.78% | |
| Price / MA50: | +4.77% | |
| Price / MA100: | -4.26% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +1.87% | |
| Price / MAexp100: | +1.52% |
This member declared not having a position on this financial instrument or a related financial instrument.
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