RIPPLE - XRP/USD - 1H - Technical analysis published on 10/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.251400 USD
My targets
0.259300 USD (+2.09%)
0.282300 USD (+11.14%)
My analysis
The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 0.251400 USD, you could try to benefit from the boom. The first bullish objective is located at 0.259300 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.282300 USD as an objective. Crossing it would then enable buyers to target 0.295000 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, 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
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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 0.254000 USD. The price has increased by +0.95% since the last closing with the lowest point at 0.248500 USD and the highest point at 0.256500 USD. The deviation from the price is +2.21% for the low point and -0.97% for the high point.0.248500
0.256500
0.254000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.242978 | 0.246600 | 0.251400 | 0.254000 | 0.254522 | 0.259300 | 0.282300 |
| Change (%) | -4.34% | -2.91% | -1.02% | - | +0.21% | +2.09% | +11.14% |
| Change | -0.011022 | -0.007400 | -0.002600 | - | +0.000522 | +0.005300 | +0.028300 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | 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 | 0.234067 | 0.238133 | 0.244867 | 0.248933 | 0.255667 | 0.259733 | 0.266467 |
| Camarilla | 0.248630 | 0.249620 | 0.250610 | 0.251600 | 0.252590 | 0.253580 | 0.254570 |
| Woodie | 0.235400 | 0.238800 | 0.246200 | 0.249600 | 0.257000 | 0.260400 | 0.267800 |
| Fibonacci | 0.238133 | 0.242259 | 0.244808 | 0.248933 | 0.253059 | 0.255608 | 0.259733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.205800 | 0.217400 | 0.225100 | 0.236700 | 0.244400 | 0.256000 | 0.263700 |
| Camarilla | 0.227493 | 0.229262 | 0.231031 | 0.232800 | 0.234569 | 0.236338 | 0.238108 |
| Woodie | 0.203850 | 0.216425 | 0.223150 | 0.235725 | 0.242450 | 0.255025 | 0.261750 |
| Fibonacci | 0.217400 | 0.224773 | 0.229327 | 0.236700 | 0.244073 | 0.248627 | 0.256000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.122067 | 0.170933 | 0.206367 | 0.255233 | 0.290667 | 0.339533 | 0.374967 |
| Camarilla | 0.218618 | 0.226345 | 0.234073 | 0.241800 | 0.249528 | 0.257255 | 0.264983 |
| Woodie | 0.115350 | 0.167575 | 0.199650 | 0.251875 | 0.283950 | 0.336175 | 0.368250 |
| Fibonacci | 0.170933 | 0.203136 | 0.223031 | 0.255233 | 0.287436 | 0.307331 | 0.339533 |
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): | 59.97 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 17.903654 | |
| AROON (14): | 28.571430 | |
| DEMA (21): | 0.253226 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.249247 | |
| Elder Ray (13): | 0.001619 | |
| Super Trend (3,10): | 0.250617 | |
| Zig ZAG (10): | 0.254000 | |
| VORTEX (21): | 1.1290 | |
| Stochastique (14,3,5): | 74.17 | |
| TEMA (21): | 0.253662 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.001400 | |
| Repulse (5,40,3): | -0.1983 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0618 | |
| Courbe Coppock: | 1.07 |
| MA7: | 0.247100 | |
| MA20: | 0.240895 | |
| MA50: | 0.252310 | |
| MA100: | 0.246664 | |
| MAexp7: | 0.253043 | |
| MAexp20: | 0.251609 | |
| MAexp50: | 0.249939 | |
| MAexp100: | 0.248284 | |
| Price / MA7: | +2.79% | |
| Price / MA20: | +5.44% | |
| Price / MA50: | +0.67% | |
| Price / MA100: | +2.97% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | +1.62% | |
| Price / MAexp100: | +2.30% |
Quotes :
2020-10-09 14:04:33
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Real time data
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