RIPPLE - XRP/USD - 1H - Technical analysis published on 07/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 0.193900 USD
My targets
0.207967 USD (+3.78%)
0.226700 USD (+13.12%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.193900 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.193900 USD. The next bullish objective for buyers is set at 0.207967 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 0.245400 USD. PS: if there is a bearish break in the support located at 0.193900 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.200400 USD. The price is lower by -2.29% since the last closing and was traded between 0.197000 USD and 0.211600 USD over the period. The price is currently at +1.73% from its lowest and -5.29% from its highest.0.197000
0.211600
0.200400
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RIPPLE - XRP/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.183200 | 0.188575 | 0.193900 | 0.200400 | 0.226700 | 0.245400 | 0.275000 |
| Change (%) | -8.58% | -5.90% | -3.24% | - | +13.12% | +22.46% | +37.23% |
| Change | -0.017200 | -0.011825 | -0.006500 | - | +0.026300 | +0.045000 | +0.074600 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 0.184033 | 0.188967 | 0.197033 | 0.201967 | 0.210033 | 0.214967 | 0.223033 |
| Camarilla | 0.201525 | 0.202717 | 0.203908 | 0.205100 | 0.206292 | 0.207483 | 0.208675 |
| Woodie | 0.185600 | 0.189750 | 0.198600 | 0.202750 | 0.211600 | 0.215750 | 0.224600 |
| Fibonacci | 0.188967 | 0.193933 | 0.197001 | 0.201967 | 0.206933 | 0.210001 | 0.214967 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.84 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 3.026766 | |
| AROON (14): | -21.428566 | |
| DEMA (21): | 0.205709 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.211332 | |
| Elder Ray (13): | -0.003385 | |
| Super Trend (3,10): | 0.194806 | |
| Zig ZAG (10): | 0.199600 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 30.85 | |
| TEMA (21): | 0.204923 | |
| Williams %R (14): | -84.33 | |
| Chande Momentum Oscillator (20): | 0.000200 | |
| Repulse (5,40,3): | -1.5288 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1646 | |
| Courbe Coppock: | 2.81 |
| MA7: | 0.204071 | |
| MA20: | 0.188630 | |
| MA50: | 0.194158 | |
| MA100: | 0.196490 | |
| MAexp7: | 0.203838 | |
| MAexp20: | 0.203361 | |
| MAexp50: | 0.198852 | |
| MAexp100: | 0.193069 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | +6.24% | |
| Price / MA50: | +3.21% | |
| Price / MA100: | +1.99% | |
| Price / MAexp7: | -1.69% | |
| Price / MAexp20: | -1.46% | |
| Price / MAexp50: | +0.78% | |
| Price / MAexp100: | +3.80% |
Quotes :
2020-07-09 17:08:53
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Real time data
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