RIPPLE - XRP/USD - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.240192 USD
My targets
0.245400 USD (+0.66%)
0.248600 USD (+1.97%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. 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 0.240192 USD. The buyers” bullish objective is set at 0.245400 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.248600 USD. If there is any crossing, the next objective would be the resistance located at 0.259100 USD. If there is a bearish break in the support located at 0.240192 USD some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USD price is 0.243800 USD. On the day, this instrument gained +0.79% and was traded between 0.239200 USD and 0.246800 USD over the period. The price is currently at +1.92% from its lowest and -1.22% from its highest.0.239200
0.246800
0.243800
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.229800 | 0.234633 | 0.240192 | 0.243800 | 0.245400 | 0.248600 | 0.259100 |
| Change (%) | -5.74% | -3.76% | -1.48% | - | +0.66% | +1.97% | +6.28% |
| Change | -0.014000 | -0.009167 | -0.003608 | - | +0.001600 | +0.004800 | +0.015300 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | 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 | 0.220167 | 0.229033 | 0.235467 | 0.244333 | 0.250767 | 0.259633 | 0.266067 |
| Camarilla | 0.237693 | 0.239095 | 0.240498 | 0.241900 | 0.243303 | 0.244705 | 0.246108 |
| Woodie | 0.218950 | 0.228425 | 0.234250 | 0.243725 | 0.249550 | 0.259025 | 0.264850 |
| Fibonacci | 0.229033 | 0.234878 | 0.238489 | 0.244333 | 0.250178 | 0.253789 | 0.259633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.216200 | 0.222900 | 0.235400 | 0.242100 | 0.254600 | 0.261300 | 0.273800 |
| Camarilla | 0.242620 | 0.244380 | 0.246140 | 0.247900 | 0.249660 | 0.251420 | 0.253180 |
| Woodie | 0.219100 | 0.224350 | 0.238300 | 0.243550 | 0.257500 | 0.262750 | 0.276700 |
| Fibonacci | 0.222900 | 0.230234 | 0.234766 | 0.242100 | 0.249434 | 0.253966 | 0.261300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.167733 | 0.208867 | 0.245033 | 0.286167 | 0.322333 | 0.363467 | 0.399633 |
| Camarilla | 0.259943 | 0.267028 | 0.274114 | 0.281200 | 0.288286 | 0.295372 | 0.302458 |
| Woodie | 0.165250 | 0.207625 | 0.242550 | 0.284925 | 0.319850 | 0.362225 | 0.397150 |
| Fibonacci | 0.208867 | 0.238395 | 0.256638 | 0.286167 | 0.315695 | 0.333938 | 0.363467 |
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): | 55.04 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -1.868364 | |
| AROON (14): | 85.714283 | |
| DEMA (21): | 0.242573 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.239290 | |
| Elder Ray (13): | 0.001800 | |
| Super Trend (3,10): | 0.246058 | |
| Zig ZAG (10): | 0.245200 | |
| VORTEX (21): | 0.9894 | |
| Stochastique (14,3,5): | 89.44 | |
| TEMA (21): | 0.242699 | |
| Williams %R (14): | -2.99 | |
| Chande Momentum Oscillator (20): | 0.003600 | |
| Repulse (5,40,3): | 0.7941 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0551 | |
| Courbe Coppock: | 1.93 |
| MA7: | 0.242357 | |
| MA20: | 0.256790 | |
| MA50: | 0.273764 | |
| MA100: | 0.233142 | |
| MAexp7: | 0.243566 | |
| MAexp20: | 0.243115 | |
| MAexp50: | 0.243615 | |
| MAexp100: | 0.243328 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | -5.06% | |
| Price / MA50: | -10.95% | |
| Price / MA100: | +4.57% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-09-14 08:29:19
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Real time data
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