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 - Daily - Technical analysis published on 11/25/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.603867 USD
My targets
0.738633 USD (+4.19%)
0.923400 USD (+30.26%)
My analysis
The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 0.603867 USD, you could try to benefit from the boom. The first bullish objective is located at 0.738633 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.923400 USD as an objective. 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
8.6

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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.708900 USD. The price registered an increase of +2.07% on the session and was between 0.615700 USD and 0.709700 USD. This implies that the price is at +15.14% from its lowest and at -0.11% from its highest.

0.615700
0.709700
0.708900

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Abnormal volumes on RIPPLE - XRP/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

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:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



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

Central Candlesticks

Long white line

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.403800 0.473900 0.582300 0.708900 0.923400
Change (%) -43.04% -33.15% -17.86% - +30.26%
Change -0.305100 -0.235000 -0.126600 - +0.214500
Level Intermediate Major Intermediate - Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3607330.4645670.5795330.6833670.7983330.9021671.017133
Camarilla0.6343300.6543870.6744430.6945000.7145570.7346130.754670
Woodie0.3663000.4673500.5851000.6861500.8039000.9049501.022700
Fibonacci0.4645670.5481480.5997850.6833670.7669480.8185850.902167


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 93.16
MACD (12,26,9): 0.0941
Directional Movement: 54.425951
AROON (14): 92.857140
DEMA (21): 0.505339
Parabolic SAR (0,02-0,02-0,2): 0.432700
Elder Ray (13): 0.207865
Super Trend (3,10): 0.475317
Zig ZAG (10): 0.686400
VORTEX (21): 1.3855
Stochastique (14,3,5): 87.82
TEMA (21): 0.578945
Williams %R (14): -18.41
Chande Momentum Oscillator (20): 0.422500
Repulse (5,40,3): 36.9937
ROCnROLL: 1
TRIX (15,9): 2.4226
Courbe Coppock: 205.70
MA7: 0.505957
MA20: 0.350960
MA50: 0.288838
MA100: 0.271910
MAexp7: 0.543089
MAexp20: 0.401902
MAexp50: 0.320090
MAexp100: 0.283771
Price / MA7: +40.11%
Price / MA20: +101.99%
Price / MA50: +145.43%
Price / MA100: +160.71%
Price / MAexp7: +30.53%
Price / MAexp20: +76.39%
Price / MAexp50: +121.47%
Price / MAexp100: +149.81%

Quotes : 2020-11-25 15:37:01 - Real time data - Cryptocompare

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

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