RIPPLE - XRP/USD - Daily - Technical analysis published on 04/07/2021 (GMT)
- 320
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.828867 USD
My targets
-
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RIPPLE - XRP/USD as long as the price remains well above 0.828867 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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:
Additional analysis
Quotes
The RIPPLE - XRP/USD price is 0.940000 USD. The price registered a decrease of -13.84% on the session and was traded between 0.855500 USD and 1.111400 USD over the period. The price is currently at +9.88% from its lowest and -15.42% from its highest.0.855500
1.111400
0.940000
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
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
In fact, 14 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
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Long white line
Type : Bullish
Timeframe : Daily
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.582300 | 0.634800 | 0.694500 | 0.940000 |
| Change (%) | -38.05% | -32.47% | -26.12% | - |
| Change | -0.357700 | -0.305200 | -0.245500 | - |
| Level | Intermediate | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.584667 | 0.697333 | 0.894167 | 1.006833 | 1.203667 | 1.316333 | 1.513167 |
| Camarilla | 1.005888 | 1.034258 | 1.062629 | 1.091000 | 1.119371 | 1.147742 | 1.176113 |
| Woodie | 0.626750 | 0.718375 | 0.936250 | 1.027875 | 1.245750 | 1.337375 | 1.555250 |
| Fibonacci | 0.697333 | 0.815562 | 0.888604 | 1.006833 | 1.125062 | 1.198104 | 1.316333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.412767 | 0.471033 | 0.525167 | 0.583433 | 0.637567 | 0.695833 | 0.749967 |
| Camarilla | 0.548390 | 0.558693 | 0.568997 | 0.579300 | 0.589603 | 0.599907 | 0.610210 |
| Woodie | 0.410700 | 0.470000 | 0.523100 | 0.582400 | 0.635500 | 0.694800 | 0.747900 |
| Fibonacci | 0.471033 | 0.513970 | 0.540497 | 0.583433 | 0.626370 | 0.652897 | 0.695833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.268167 | 0.340633 | 0.455067 | 0.527533 | 0.641967 | 0.714433 | 0.828867 |
| Camarilla | 0.518103 | 0.535235 | 0.552368 | 0.569500 | 0.586633 | 0.603765 | 0.620898 |
| Woodie | 0.289150 | 0.351125 | 0.476050 | 0.538025 | 0.662950 | 0.724925 | 0.849850 |
| Fibonacci | 0.340633 | 0.412029 | 0.456138 | 0.527533 | 0.598929 | 0.643038 | 0.714433 |
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): | 71.31 | |
| MACD (12,26,9): | 0.1023 | |
| Directional Movement: | 36.411970 | |
| AROON (14): | 92.857140 | |
| DEMA (21): | 0.769015 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.620300 | |
| Elder Ray (13): | 0.267758 | |
| Super Trend (3,10): | 0.662329 | |
| Zig ZAG (10): | 0.920700 | |
| VORTEX (21): | 1.2182 | |
| Stochastique (14,3,5): | 86.76 | |
| TEMA (21): | 0.849455 | |
| Williams %R (14): | -29.25 | |
| Chande Momentum Oscillator (20): | 0.360900 | |
| Repulse (5,40,3): | 17.3144 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.5163 | |
| Courbe Coppock: | 100.70 |
| MA7: | 0.762000 | |
| MA20: | 0.614205 | |
| MA50: | 0.528824 | |
| MA100: | 0.438168 | |
| MAexp7: | 0.815448 | |
| MAexp20: | 0.659764 | |
| MAexp50: | 0.556376 | |
| MAexp100: | 0.489231 | |
| Price / MA7: | +23.36% | |
| Price / MA20: | +53.04% | |
| Price / MA50: | +77.75% | |
| Price / MA100: | +114.53% | |
| Price / MAexp7: | +15.27% | |
| Price / MAexp20: | +42.48% | |
| Price / MAexp50: | +68.95% | |
| Price / MAexp100: | +92.14% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis RIPPLE - XRP/USD - Daily