RIPPLE - XRP/USD - Daily - Technical analysis published on 08/06/2020 (GMT)
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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
72%
6%
22%
My opinion
Bullish above 0.275000 USD
My targets
0.336800 USD (+11.75%)
0.378500 USD (+25.58%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RIPPLE - XRP/USD as long as the price remains well above 0.275000 USD. The buyers” bullish objective is set at 0.336800 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.378500 USD. If there is any crossing, the next objective would be the resistance located at 0.476285 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.2
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This analysis was given by Voltron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.301400 USD. The price is lower by -0.43% since the last closing and was traded between 0.297500 USD and 0.303700 USD over the period. The price is currently at +1.31% from its lowest and -0.76% from its highest.0.297500
0.303700
0.301400
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
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 strongly bullish. 92.86% 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.
An assessment of technical indicators shows a strong bullish signal.
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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.193829 | 0.226700 | 0.275000 | 0.301400 | 0.336800 | 0.476285 | 0.923400 |
| Change (%) | -35.69% | -24.78% | -8.76% | - | +11.75% | +58.02% | +206.37% |
| Change | -0.107571 | -0.074700 | -0.026400 | - | +0.035400 | +0.174885 | +0.622000 |
| Level | Intermediate | Minor | Major | - | 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 | 0.285800 | 0.291500 | 0.297100 | 0.302800 | 0.308400 | 0.314100 | 0.319700 |
| Camarilla | 0.299593 | 0.300628 | 0.301664 | 0.302700 | 0.303736 | 0.304772 | 0.305808 |
| Woodie | 0.285750 | 0.291475 | 0.297050 | 0.302775 | 0.308350 | 0.314075 | 0.319650 |
| Fibonacci | 0.291500 | 0.295817 | 0.298483 | 0.302800 | 0.307117 | 0.309783 | 0.314100 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 80.58 | |
| MACD (12,26,9): | 0.0283 | |
| Directional Movement: | 30.939533 | |
| AROON (14): | 71.428574 | |
| DEMA (21): | 0.287800 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.277324 | |
| Elder Ray (13): | 0.030342 | |
| Super Trend (3,10): | 0.240412 | |
| Zig ZAG (10): | 0.302000 | |
| VORTEX (21): | 1.2968 | |
| Stochastique (14,3,5): | 80.76 | |
| TEMA (21): | 0.306623 | |
| Williams %R (14): | -19.47 | |
| Chande Momentum Oscillator (20): | 0.087200 | |
| Repulse (5,40,3): | 3.3019 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.4420 | |
| Courbe Coppock: | 85.30 |
| MA7: | 0.293386 | |
| MA20: | 0.241865 | |
| MA50: | 0.209350 | |
| MA100: | 0.206385 | |
| MAexp7: | 0.289204 | |
| MAexp20: | 0.254332 | |
| MAexp50: | 0.224706 | |
| MAexp100: | 0.212700 | |
| Price / MA7: | +2.73% | |
| Price / MA20: | +24.61% | |
| Price / MA50: | +43.97% | |
| Price / MA100: | +46.04% | |
| Price / MAexp7: | +4.22% | |
| Price / MAexp20: | +18.51% | |
| Price / MAexp50: | +34.13% | |
| Price / MAexp100: | +41.70% |
Quotes :
2020-08-06 12:48:54
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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