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 05/15/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.45 USD
My targets
1.55 USD (+1.97%)
1.65 USD (+8.55%)
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 1.45 USD. The next resistance located at 1.55 USD is the next bullish target 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 1.65 USD. After this resistance, buyers could then target 1.69 USD.

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

Additional analysis

Quotes

RIPPLE - XRP/USD rating 1.52 USD. The price has increased by +8.57% since the last closing with the lowest point at 1.32 USD and the highest point at 1.58 USD. The deviation from the price is +15.15% for the low point and -3.80% for the high point.

1.32
1.58
1.52

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



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 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.32 1.39 1.45 1.52 1.55 1.65 1.69
Change (%) -13.16% -8.55% -4.61% - +1.97% +8.55% +11.18%
Change -0.20 -0.13 -0.07 - +0.03 +0.13 +0.17
Level Minor Intermediate Minor - Intermediate Major 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
Standard1.201.261.331.391.461.521.59
Camarilla1.361.381.391.401.411.421.44
Woodie1.211.261.341.391.471.521.60
Fibonacci1.261.311.341.391.441.471.52


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.921.121.351.551.781.982.21
Camarilla1.451.491.531.571.611.651.69
Woodie0.931.131.361.561.791.992.22
Fibonacci1.121.291.391.551.721.821.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.64-0.050.781.372.202.793.62
Camarilla1.211.341.471.601.731.861.99
Woodie-0.530.010.891.432.312.853.73
Fibonacci-0.050.500.831.371.922.252.79

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): 73.61
MACD (12,26,9): 0.0200
Directional Movement: 25.90
AROON (14): 35.71
DEMA (21): 1.41
Parabolic SAR (0,02-0,02-0,2): 1.33
Elder Ray (13): 0.10
Super Trend (3,10): 1.39
Zig ZAG (10): 1.53
VORTEX (21): 1.1400
Stochastique (14,3,5): 73.00
TEMA (21): 1.43
Williams %R (14): -2.05
Chande Momentum Oscillator (20): 0.14
Repulse (5,40,3): 12.7200
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 2.81
MA7: 1.43
MA20: 1.48
MA50: 1.25
MA100: 0.87
MAexp7: 1.44
MAexp20: 1.40
MAexp50: 1.38
MAexp100: 1.40
Price / MA7: +6.29%
Price / MA20: +2.70%
Price / MA50: +21.60%
Price / MA100: +74.71%
Price / MAexp7: +5.56%
Price / MAexp20: +8.57%
Price / MAexp50: +10.14%
Price / MAexp100: +8.57%

Quotes : - Real time data - Cryptocompare

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

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