RIPPLE - XRP/USD
RIPPLE - XRP/USD
0.291100 USD (-1.19%)
Real time data - Cryptocompare
Open: 0.294700
Change: -0.003500
Volume: 1,498,014
Low: 0.290700
High: 0.296700
High / Low range: 0.006000
Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 08/02/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-08-02 01:30:15
  • Status : IN PROGRESS...

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.275000 USD
My targets
0.336800 USD (+14.67%)
0.378500 USD (+28.87%)
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 0.275000 USD. The next resistance located at 0.336800 USD is the next bullish objective 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 0.378500 USD. After this resistance, buyers could then target 0.476285 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
8.6

This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

RIPPLE - XRP/USD rating 0.293700 USD. The price has increased by +0.86% since the last closing and was between 0.290000 USD and 0.295300 USD. This implies that the price is at +1.28% from its lowest and at -0.54% from its highest.

0.290000
0.295300
0.293700

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.226700 0.245400 0.275000 0.293700 0.336800 0.476285 0.923400
Change (%) -22.81% -16.45% -6.37% - +14.67% +62.17% +214.40%
Change -0.067000 -0.048300 -0.018700 - +0.043100 +0.182585 +0.629700
Level Intermediate Intermediate Intermediate - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2235330.2398670.2655330.2818670.3075330.3238670.349533
Camarilla0.2796500.2835000.2873500.2912000.2950500.2989000.302750
Woodie0.2282000.2422000.2702000.2842000.3122000.3262000.354200
Fibonacci0.2398670.2559110.2658230.2818670.2979110.3078230.323867


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1460330.1778670.2345330.2663670.3230330.3548670.411533
Camarilla0.2668630.2749750.2830880.2912000.2993130.3074250.315538
Woodie0.1584500.1840750.2469500.2725750.3354500.3610750.423950
Fibonacci0.1778670.2116740.2325600.2663670.3001740.3210600.354867


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1121000.1422000.2009000.2310000.2897000.3198000.378500
Camarilla0.2351800.2433200.2514600.2596000.2677400.2758800.284020
Woodie0.1264000.1493500.2152000.2381500.3040000.3269500.392800
Fibonacci0.1422000.1761220.1970780.2310000.2649220.2858780.319800

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): 89.31
MACD (12,26,9): 0.0211
Directional Movement: 43.213004
AROON (14): 85.714283
DEMA (21): 0.254308
Parabolic SAR (0,02-0,02-0,2): 0.241987
Elder Ray (13): 0.049831
Super Trend (3,10): 0.250360
Zig ZAG (10): 0.292300
VORTEX (21): 1.3722
Stochastique (14,3,5): 94.77
TEMA (21): 0.269877
Williams %R (14): -7.13
Chande Momentum Oscillator (20): 0.091100
Repulse (5,40,3): 14.6239
ROCnROLL: 1
TRIX (15,9): 0.8852
Courbe Coppock: 58.68
MA7: 0.255114
MA20: 0.220585
MA50: 0.200502
MA100: 0.202333
MAexp7: 0.260626
MAexp20: 0.230562
MAexp50: 0.211184
MAexp100: 0.205272
Price / MA7: +15.13%
Price / MA20: +33.15%
Price / MA50: +46.48%
Price / MA100: +45.16%
Price / MAexp7: +12.69%
Price / MAexp20: +27.38%
Price / MAexp50: +39.07%
Price / MAexp100: +43.08%

Quotes : 2020-08-02 01:30:09 - Real time data - Cryptocompare

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

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