RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 07/08/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 0.188575 USD

My targets

0.226700 USD (+14.49%)

0.245400 USD (+23.94%)

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 0.188575 USD. The next resistance located at 0.226700 USD is the next bullish target 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 0.245400 USD. After this resistance, buyers could then target 0.275000 USD.

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

4.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 0.198000 USD. The price registered an increase of +6.91% on the session and was between 0.184000 USD and 0.201800 USD. This implies that the price is at +7.61% from its lowest and at -1.88% from its highest.

0.184000

0.201800

0.198000

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:

Technical

Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Long black line

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.136500	0.188575	0.198000	0.226700	0.245400	0.275000
Change (%)	-31.06%	-4.76%	-	+14.49%	+23.94%	+38.89%
Change	-0.061500	-0.009425	-	+0.028700	+0.047400	+0.077000
Level	Minor	Major	-	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	0.250267	0.267133	0.280767	0.297633	0.311267	0.328133	0.341767
Camarilla	0.286013	0.288808	0.291604	0.294400	0.297196	0.299992	0.302788
Woodie	0.248650	0.266325	0.279150	0.296825	0.309650	0.327325	0.340150
Fibonacci	0.267133	0.278784	0.285982	0.297633	0.309284	0.316482	0.328133

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.006305	0.007041	0.007526	0.008262	0.008747	0.009483	0.009968
Camarilla	0.007674	0.007786	0.007898	0.008010	0.008122	0.008234	0.008346
Woodie	0.006179	0.006978	0.007400	0.008199	0.008621	0.009420	0.009842
Fibonacci	0.007041	0.007508	0.007796	0.008262	0.008729	0.009017	0.009483

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.177467	0.230733	0.207967	0.261233	0.238467	0.291733	0.268967
Camarilla	0.176813	0.179608	0.182404	0.185200	0.187996	0.190792	0.193588
Woodie	0.139450	0.211725	0.169950	0.242225	0.200450	0.272725	0.230950
Fibonacci	0.230733	0.242384	0.249582	0.261233	0.272884	0.280082	0.291733

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	51.27
MACD (12,26,9):	0.0055
Directional Movement:	8.330265
AROON (14):	78.571426
DEMA (21):	0.198226
Parabolic SAR (0,02-0,02-0,2):	0.176264
Elder Ray (13):	0.000116
Super Trend (3,10):	0.278184
Zig ZAG (10):	0.199100
VORTEX (21):	0.9374
Stochastique (14,3,5):	60.75
TEMA (21):	0.206450
Williams %R (14):	-79.63
Chande Momentum Oscillator (20):	0.024000
Repulse (5,40,3):	0.0770
ROCnROLL:	1
TRIX (15,9):	-0.1268
Courbe Coppock:	21.39

MA7:	0.199943
MA20:	0.187705
MA50:	0.193926
MA100:	0.196188
MAexp7:	0.207059
MAexp20:	0.194122
MAexp50:	0.193730
MAexp100:	0.198194
Price / MA7:	-0.97%
Price / MA20:	+5.48%
Price / MA50:	+2.10%
Price / MA100:	+0.92%
Price / MAexp7:	-4.38%
Price / MAexp20:	+2.00%
Price / MAexp50:	+2.20%
Price / MAexp100:	-0.10%

Quotes : 2020-07-08 13:00:34 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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