RIPPLE - XRP/USD - 1H - Technical analysis published on 04/15/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 1.71 USD
My targets
1.94 USD (+12.31%)
1.97 USD (+13.87%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.71 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.71 USD. The next bullish objective for buyers is set at 1.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.97 USD. PS: if there is a bearish break in the support located at 1.71 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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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
RIPPLE - XRP/USD rating 1.73 USD. The price registered a decrease of -5.98% on the session and was traded between 1.65 USD and 1.88 USD over the period. The price is currently at +4.85% from its lowest and -7.98% from its highest.1.65
1.88
1.73
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 RIPPLE - XRP/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.09 | 1.42 | 1.71 | 1.73 | 1.97 |
| Change (%) | -36.99% | -17.92% | -1.16% | - | +13.87% |
| Change | -0.64 | -0.31 | -0.02 | - | +0.24 |
| Level | Minor | Major | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.18 | 1.37 | 1.60 | 1.79 | 2.02 | 2.21 | 2.44 |
| Camarilla | 1.73 | 1.76 | 1.80 | 1.84 | 1.88 | 1.92 | 1.96 |
| Woodie | 1.21 | 1.38 | 1.63 | 1.80 | 2.05 | 2.22 | 2.47 |
| Fibonacci | 1.37 | 1.53 | 1.63 | 1.79 | 1.95 | 2.05 | 2.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00 | 0.28 | 0.83 | 1.11 | 1.66 | 1.94 | 2.49 |
| Camarilla | 1.14 | 1.22 | 1.29 | 1.37 | 1.45 | 1.52 | 1.60 |
| Woodie | 0.13 | 0.35 | 0.96 | 1.18 | 1.79 | 2.01 | 2.62 |
| Fibonacci | 0.28 | 0.60 | 0.80 | 1.11 | 1.43 | 1.63 | 1.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.26 | 0.34 | 0.45 | 0.53 | 0.64 | 0.72 | 0.83 |
| Camarilla | 0.52 | 0.54 | 0.55 | 0.57 | 0.59 | 0.61 | 0.62 |
| Woodie | 0.29 | 0.35 | 0.48 | 0.54 | 0.67 | 0.73 | 0.86 |
| Fibonacci | 0.34 | 0.41 | 0.45 | 0.53 | 0.60 | 0.64 | 0.72 |
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): | 51.51 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -7.28 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.86 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.85 | |
| Zig ZAG (10): | 1.75 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 27.50 | |
| TEMA (21): | 1.70 | |
| Williams %R (14): | -63.95 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 1.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 7.69 |
| MA7: | 1.51 | |
| MA20: | 0.99 | |
| MA50: | 0.68 | |
| MA100: | 0.54 | |
| MAexp7: | 1.72 | |
| MAexp20: | 1.74 | |
| MAexp50: | 1.72 | |
| MAexp100: | 1.61 | |
| Price / MA7: | +14.57% | |
| Price / MA20: | +74.75% | |
| Price / MA50: | +154.41% | |
| Price / MA100: | +220.37% | |
| Price / MAexp7: | +0.58% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +7.45% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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