RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Weekly - Technical analysis published on 07/31/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

72%

28%

My opinion

Bullish above 0.231433 USD

My targets

0.275000 USD (+12.47%)

0.476285 USD (+94.80%)

My analysis

The strong short-term increase in RIPPLE - XRP/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.231433 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.275000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.476285 USD as an objective. Crossing it would then enable buyers to target 0.923400 USD. Caution, a return under 0.231433 USD could jeopardize the reversal.

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

2.7

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 lokisynz1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.244500 USD. The price is up +13.88% over 5 days and has been traded over the last 5 days between 0.209700 USD and 0.250000 USD. This implies that the 5 day price is +16.60% from its lowest point and -2.20% from its highest point.

0.209700

0.250000

0.244500

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of RIPPLE - XRP/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Weekly

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.244500	0.275000	0.476285	0.923400
Change (%)	-	+12.47%	+94.80%	+277.67%
Change	-	+0.030500	+0.231785	+0.678900
Level	-	Intermediate	Intermediate	Minor

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	0.222733	0.229167	0.236833	0.243267	0.250933	0.257367	0.265033
Camarilla	0.240623	0.241915	0.243208	0.244500	0.245793	0.247085	0.248378
Woodie	0.223350	0.229475	0.237450	0.243575	0.251550	0.257675	0.265650
Fibonacci	0.229167	0.234553	0.237881	0.243267	0.248653	0.251981	0.257367

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.174400	0.183700	0.199200	0.208500	0.224000	0.233300	0.248800
Camarilla	0.207880	0.210153	0.212427	0.214700	0.216973	0.219247	0.221520
Woodie	0.177500	0.185250	0.202300	0.210050	0.227100	0.234850	0.251900
Fibonacci	0.183700	0.193174	0.199026	0.208500	0.217974	0.223826	0.233300

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.113567	0.141633	0.158467	0.186533	0.203367	0.231433	0.248267
Camarilla	0.162953	0.167068	0.171184	0.175300	0.179416	0.183532	0.187648
Woodie	0.107950	0.138825	0.152850	0.183725	0.197750	0.228625	0.242650
Fibonacci	0.141633	0.158785	0.169382	0.186533	0.203685	0.214282	0.231433

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):	58.48
MACD (12,26,9):	-0.0052
Directional Movement:	11.121577
AROON (14):	35.714287
DEMA (21):	0.196377
Parabolic SAR (0,02-0,02-0,2):	0.270384
Elder Ray (13):	0.024297
Super Trend (3,10):	0.256692
Zig ZAG (10):	0.245000
VORTEX (21):	0.9746
Stochastique (14,3,5):	68.77
TEMA (21):	0.207863
Williams %R (14):	-6.97
Chande Momentum Oscillator (20):	0.028200
Repulse (5,40,3):	26.0391
ROCnROLL:	-1
TRIX (15,9):	-0.7667
Courbe Coppock:	13.72

MA7:	0.231043
MA20:	0.210685
MA50:	0.196262
MA100:	0.200208
MAexp7:	0.210346
MAexp20:	0.207052
MAexp50:	0.236672
MAexp100:	0.281448
Price / MA7:	+5.82%
Price / MA20:	+16.05%
Price / MA50:	+24.58%
Price / MA100:	+22.12%
Price / MAexp7:	+16.24%
Price / MAexp20:	+18.09%
Price / MAexp50:	+3.31%
Price / MAexp100:	-13.13%

Quotes : 2020-07-31 05:43:23 - Real time data - Cryptocompare

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

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