RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 11/23/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.473900 USD

My targets

0.582300 USD (+6.18%)

0.738633 USD (+34.69%)

My analysis

RIPPLE - XRP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.473900 USD. The next resistance located at 0.582300 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.738633 USD. After this resistance, buyers could then target 0.923400 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RIPPLE - XRP/USD price is 0.548400 USD. On the day, this instrument gained +22.77% with the lowest point at 0.432700 USD and the highest point at 0.555600 USD. The deviation from the price is +26.74% for the low point and -1.30% for the high point.

0.432700

0.555600

0.548400

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in Daily of this RIPPLE - XRP/USD chart shows a strongly bullish trend. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently positioned bullish. 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

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Long black line

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.295000	0.314327	0.473900	0.548400	0.582300	0.923400
Change (%)	-46.21%	-42.68%	-13.58%	-	+6.18%	+68.38%
Change	-0.253400	-0.234073	-0.074500	-	+0.033900	+0.375000
Level	Minor	Major	Major	-	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.309133	0.356567	0.401633	0.449067	0.494133	0.541567	0.586633
Camarilla	0.421263	0.429742	0.438221	0.446700	0.455179	0.463658	0.472138
Woodie	0.307950	0.355975	0.400450	0.448475	0.492950	0.540975	0.585450
Fibonacci	0.356567	0.391902	0.413732	0.449067	0.484402	0.506232	0.541567

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.124233	0.194267	0.329033	0.399067	0.533833	0.603867	0.738633
Camarilla	0.407480	0.426253	0.445027	0.463800	0.482573	0.501347	0.520120
Woodie	0.156600	0.210450	0.361400	0.415250	0.566200	0.620050	0.771000
Fibonacci	0.194267	0.272500	0.320833	0.399067	0.477300	0.525633	0.603867

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.189800	0.209400	0.224700	0.244300	0.259600	0.279200	0.294500
Camarilla	0.230403	0.233602	0.236801	0.240000	0.243199	0.246398	0.249598
Woodie	0.187650	0.208325	0.222550	0.243225	0.257450	0.278125	0.292350
Fibonacci	0.209400	0.222732	0.230968	0.244300	0.257632	0.265868	0.279200

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):	89.67
MACD (12,26,9):	0.0515
Directional Movement:	50.064231
AROON (14):	100.000000
DEMA (21):	0.385704
Parabolic SAR (0,02-0,02-0,2):	0.330000
Elder Ray (13):	0.133615
Super Trend (3,10):	0.361422
Zig ZAG (10):	0.542000
VORTEX (21):	1.3119
Stochastique (14,3,5):	91.11
TEMA (21):	0.426650
Williams %R (14):	-6.54
Chande Momentum Oscillator (20):	0.278100
Repulse (5,40,3):	41.2566
ROCnROLL:	1
TRIX (15,9):	1.2807
Courbe Coppock:	111.75

MA7:	0.382286
MA20:	0.302145
MA50:	0.269478
MA100:	0.263491
MAexp7:	0.408030
MAexp20:	0.329744
MAexp50:	0.285851
MAexp100:	0.265583
Price / MA7:	+43.45%
Price / MA20:	+81.50%
Price / MA50:	+103.50%
Price / MA100:	+108.13%
Price / MAexp7:	+34.40%
Price / MAexp20:	+66.31%
Price / MAexp50:	+91.85%
Price / MAexp100:	+106.49%

Quotes : 2020-11-23 17:35:52 - Real time data - Cryptocompare

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

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