RIPPLE - XRP/USD - 1H - Technical analysis published on 06/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 0.204714 USD
My targets
0.218367 USD (+6.00%)
0.226700 USD (+10.05%)
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/USD as long as the price remains well above 0.204714 USD. The buyers” bullish objective is set at 0.218367 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.226700 USD. If there is any crossing, the next objective would be the resistance located at 0.275467 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.5
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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
The RIPPLE - XRP/USD rating is 0.206000 USD. The price registered an increase of +1.78% on the session and was traded between 0.201100 USD and 0.206100 USD over the period. The price is currently at +2.44% from its lowest and -0.05% from its highest.0.201100
0.206100
0.206000
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals 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 Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.201200 | 0.202500 | 0.204714 | 0.206000 | 0.226700 | 0.275467 | 0.336800 |
| Change (%) | -2.33% | -1.70% | -0.62% | - | +10.05% | +33.72% | +63.50% |
| Change | -0.004800 | -0.003500 | -0.001286 | - | +0.020700 | +0.069467 | +0.130800 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 0.184133 | 0.192267 | 0.197333 | 0.205467 | 0.210533 | 0.218667 | 0.223733 |
| Camarilla | 0.198770 | 0.199980 | 0.201190 | 0.202400 | 0.203610 | 0.204820 | 0.206030 |
| Woodie | 0.182600 | 0.191500 | 0.195800 | 0.204700 | 0.209000 | 0.217900 | 0.222200 |
| Fibonacci | 0.192267 | 0.197309 | 0.200424 | 0.205467 | 0.210509 | 0.213624 | 0.218667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.180033 | 0.185767 | 0.196333 | 0.202067 | 0.212633 | 0.218367 | 0.228933 |
| Camarilla | 0.202418 | 0.203912 | 0.205406 | 0.206900 | 0.208394 | 0.209888 | 0.211383 |
| Woodie | 0.182450 | 0.186975 | 0.198750 | 0.203275 | 0.215050 | 0.219575 | 0.231350 |
| Fibonacci | 0.185767 | 0.191993 | 0.195840 | 0.202067 | 0.208293 | 0.212140 | 0.218367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.132567 | 0.156333 | 0.179367 | 0.203133 | 0.226167 | 0.249933 | 0.272967 |
| Camarilla | 0.189530 | 0.193820 | 0.198110 | 0.202400 | 0.206690 | 0.210980 | 0.215270 |
| Woodie | 0.132200 | 0.156150 | 0.179000 | 0.202950 | 0.225800 | 0.249750 | 0.272600 |
| Fibonacci | 0.156333 | 0.174211 | 0.185256 | 0.203133 | 0.221011 | 0.232056 | 0.249933 |
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): | 50.78 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -9.045787 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.204310 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.200871 | |
| Elder Ray (13): | 0.000310 | |
| Super Trend (3,10): | 0.208857 | |
| Zig ZAG (10): | 0.205000 | |
| VORTEX (21): | 0.9423 | |
| Stochastique (14,3,5): | 74.02 | |
| TEMA (21): | 0.203869 | |
| Williams %R (14): | -12.82 | |
| Chande Momentum Oscillator (20): | 0.000500 | |
| Repulse (5,40,3): | 0.7798 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0296 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.200500 | |
| MA20: | 0.200135 | |
| MA50: | 0.201110 | |
| MA100: | 0.197148 | |
| MAexp7: | 0.204479 | |
| MAexp20: | 0.204630 | |
| MAexp50: | 0.204338 | |
| MAexp100: | 0.202666 | |
| Price / MA7: | +2.74% | |
| Price / MA20: | +2.93% | |
| Price / MA50: | +2.43% | |
| Price / MA100: | +4.49% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.65% |
Quotes :
2020-06-01 14:39:13
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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