RIPPLE - XRP/USD
RIPPLE - XRP/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 11/22/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 0.399067 USD
My targets
0.473900 USD (+7.27%)
0.533833 USD (+20.83%)
My analysis
The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 0.399067 USD, you could try to benefit from the boom. The first bullish objective is located at 0.473900 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.533833 USD as an objective. Crossing it would then enable buyers to target 0.582300 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
0
10
7.5

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 sp3gibbs. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.441800 USD. The price is lower by -4.74% since the last closing and was traded between 0.404000 USD and 0.496500 USD over the period. The price is currently at +9.36% from its lowest and -11.02% from its highest.

0.404000
0.496500
0.441800

Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. 92.86% 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, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.295000 0.305300 0.314327 0.441800 0.473900 0.582300 0.923400
Change (%) -33.23% -30.90% -28.85% - +7.27% +31.80% +109.01%
Change -0.146800 -0.136500 -0.127473 - +0.032100 +0.140500 +0.481600
Level Minor Intermediate Major - Major 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
Standard0.2337330.2818670.3728330.4209670.5119330.5600670.651033
Camarilla0.4255480.4382980.4510490.4638000.4765510.4893020.502053
Woodie0.2551500.2925750.3942500.4316750.5333500.5707750.672450
Fibonacci0.2818670.3350030.3678310.4209670.4741030.5069300.560067


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1242330.1942670.3290330.3990670.5338330.6038670.738633
Camarilla0.4074800.4262530.4450270.4638000.4825730.5013470.520120
Woodie0.1566000.2104500.3614000.4152500.5662000.6200500.771000
Fibonacci0.1942670.2725000.3208330.3990670.4773000.5256330.603867


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1898000.2094000.2247000.2443000.2596000.2792000.294500
Camarilla0.2304030.2336020.2368010.2400000.2431990.2463980.249598
Woodie0.1876500.2083250.2225500.2432250.2574500.2781250.292350
Fibonacci0.2094000.2227320.2309680.2443000.2576320.2658680.279200

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): 63.88
MACD (12,26,9): 0.0262
Directional Movement: 4.322077
AROON (14): 57.142854
DEMA (21): 0.454771
Parabolic SAR (0,02-0,02-0,2): 0.494650
Elder Ray (13): 0.012517
Super Trend (3,10): 0.411898
Zig ZAG (10): 0.443500
VORTEX (21): 1.1537
Stochastique (14,3,5): 50.11
TEMA (21): 0.461967
Williams %R (14): -47.12
Chande Momentum Oscillator (20): 0.034000
Repulse (5,40,3): 3.7622
ROCnROLL: 1
TRIX (15,9): 1.0601
Courbe Coppock: 25.28
MA7: 0.347629
MA20: 0.286725
MA50: 0.263618
MA100: 0.261059
MAexp7: 0.444636
MAexp20: 0.420096
MAexp50: 0.378147
MAexp100: 0.345205
Price / MA7: +27.09%
Price / MA20: +54.08%
Price / MA50: +67.59%
Price / MA100: +69.23%
Price / MAexp7: -0.64%
Price / MAexp20: +5.17%
Price / MAexp50: +16.83%
Price / MAexp100: +27.98%

Quotes : 2020-11-22 04:06:07 - Real time data - Cryptocompare

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

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