RIPPLE - XRP/USD - 1H - Technical analysis published on 05/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.197650 USD
My targets
0.203220 USD (+1.61%)
0.206580 USD (+3.29%)
My analysis
The strong short-term increase of RIPPLE - XRP/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.197650 USD, a purchase could be considered. The first bullish objective is located at 0.203220 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.206580 USD. If there is any crossing, the next objective would be the resistance at 0.226700 USD. Caution, if there is a return under 0.197650 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
4.1
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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 0.200000 USD. On the day, this instrument gained +2.99% and was between 0.192100 USD and 0.201600 USD. This implies that the price is at +4.11% from its lowest and at -0.79% from its highest.0.192100
0.201600
0.200000
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 this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.181892 | 0.189400 | 0.197650 | 0.200000 | 0.200869 | 0.203220 | 0.206580 |
| Change (%) | -9.05% | -5.30% | -1.18% | - | +0.43% | +1.61% | +3.29% |
| Change | -0.018108 | -0.010600 | -0.002350 | - | +0.000869 | +0.003220 | +0.006580 |
| Level | Major | Intermediate | Minor | - | Intermediate | 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 | 0.174200 | 0.181800 | 0.188000 | 0.195600 | 0.201800 | 0.209400 | 0.215600 |
| Camarilla | 0.190405 | 0.191670 | 0.192935 | 0.194200 | 0.195465 | 0.196730 | 0.197995 |
| Woodie | 0.173500 | 0.181450 | 0.187300 | 0.195250 | 0.201100 | 0.209050 | 0.214900 |
| Fibonacci | 0.181800 | 0.187072 | 0.190328 | 0.195600 | 0.200872 | 0.204128 | 0.209400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.145567 | 0.162833 | 0.181267 | 0.198533 | 0.216967 | 0.234233 | 0.252667 |
| Camarilla | 0.189883 | 0.193155 | 0.196428 | 0.199700 | 0.202973 | 0.206245 | 0.209518 |
| Woodie | 0.146150 | 0.163125 | 0.181850 | 0.198825 | 0.217550 | 0.234525 | 0.253250 |
| Fibonacci | 0.162833 | 0.176471 | 0.184896 | 0.198533 | 0.212171 | 0.220596 | 0.234233 |
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): | 61.65 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 10.652746 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.196790 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.191468 | |
| Elder Ray (13): | 0.003575 | |
| Super Trend (3,10): | 0.194960 | |
| Zig ZAG (10): | 0.200200 | |
| VORTEX (21): | 1.2768 | |
| Stochastique (14,3,5): | 90.53 | |
| TEMA (21): | 0.199260 | |
| Williams %R (14): | -12.63 | |
| Chande Momentum Oscillator (20): | 0.006400 | |
| Repulse (5,40,3): | 0.4039 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0384 | |
| Courbe Coppock: | 5.17 |
| MA7: | 0.200943 | |
| MA20: | 0.206035 | |
| MA50: | 0.199256 | |
| MA100: | 0.206707 | |
| MAexp7: | 0.198792 | |
| MAexp20: | 0.196827 | |
| MAexp50: | 0.198128 | |
| MAexp100: | 0.199737 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -2.93% | |
| Price / MA50: | +0.37% | |
| Price / MA100: | -3.24% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.61% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +0.13% |
This member declared not having a position on this financial instrument or a related financial instrument.
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