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 08/03/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.275000 USD

My targets

0.336800 USD (+9.64%)

0.378500 USD (+23.21%)

My analysis

The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 0.275000 USD, you could try to benefit from the boom. The first bullish objective is located at 0.336800 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.378500 USD as an objective. Crossing it would then enable buyers to target 0.476285 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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 price is 0.307200 USD. The price registered an increase of +6.67% on the session with the lowest point at 0.284100 USD and the highest point at 0.320000 USD. The deviation from the price is +8.13% for the low point and -4.00% for the high point.

0.284100

0.320000

0.307200

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:

The Central Records scanner for higher/lower results shows an item:

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. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Doji

Type : Neutral

Timeframe : Daily

Long black line

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.226700	0.245400	0.275000	0.307200	0.336800	0.476285	0.923400
Change (%)	-26.20%	-20.12%	-10.48%	-	+9.64%	+55.04%	+200.59%
Change	-0.080500	-0.061800	-0.032200	-	+0.029600	+0.169085	+0.616200
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	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	0.174133	0.212067	0.250033	0.287967	0.325933	0.363867	0.401833
Camarilla	0.267128	0.274085	0.281043	0.288000	0.294958	0.301915	0.308873
Woodie	0.174150	0.212075	0.250050	0.287975	0.325950	0.363875	0.401850
Fibonacci	0.212067	0.241061	0.258973	0.287967	0.316961	0.334873	0.363867

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.146033	0.177867	0.234533	0.266367	0.323033	0.354867	0.411533
Camarilla	0.266863	0.274975	0.283088	0.291200	0.299313	0.307425	0.315538
Woodie	0.158450	0.184075	0.246950	0.272575	0.335450	0.361075	0.423950
Fibonacci	0.177867	0.211674	0.232560	0.266367	0.300174	0.321060	0.354867

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.112100	0.142200	0.200900	0.231000	0.289700	0.319800	0.378500
Camarilla	0.235180	0.243320	0.251460	0.259600	0.267740	0.275880	0.284020
Woodie	0.126400	0.149350	0.215200	0.238150	0.304000	0.326950	0.392800
Fibonacci	0.142200	0.176122	0.197078	0.231000	0.264922	0.285878	0.319800

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):	89.06
MACD (12,26,9):	0.0245
Directional Movement:	36.212367
AROON (14):	92.857140
DEMA (21):	0.265379
Parabolic SAR (0,02-0,02-0,2):	0.250000
Elder Ray (13):	0.050451
Super Trend (3,10):	0.233887
Zig ZAG (10):	0.309000
VORTEX (21):	1.2619
Stochastique (14,3,5):	83.42
TEMA (21):	0.282952
Williams %R (14):	-15.26
Chande Momentum Oscillator (20):	0.103100
Repulse (5,40,3):	15.8839
ROCnROLL:	1
TRIX (15,9):	1.0353
Courbe Coppock:	69.25

MA7:	0.266443
MA20:	0.226025
MA50:	0.202858
MA100:	0.203461
MAexp7:	0.271764
MAexp20:	0.237917
MAexp50:	0.214960
MAexp100:	0.207322
Price / MA7:	+15.30%
Price / MA20:	+35.91%
Price / MA50:	+51.44%
Price / MA100:	+50.99%
Price / MAexp7:	+13.04%
Price / MAexp20:	+29.12%
Price / MAexp50:	+42.91%
Price / MAexp100:	+48.18%

Quotes : 2020-08-03 23:11:39 - Real time data - Cryptocompare

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

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