RIPPLE - XRP/USD - 1H - Technical analysis published on 07/29/2021 (GMT)
- 266
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.694500 USD
My targets
0.727700 USD (+2.80%)
0.752200 USD (+6.26%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RIPPLE - XRP/USD. As long as you are above the support located at 0.694500 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.727700 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.752200 USD as an objective. Crossing it would then enable buyers to target 1.037400 USD. If the support 0.694500 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3
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
RIPPLE - XRP/USD rating 0.707900 USD. The price is lower by -3.27% since the last closing and was between 0.698500 USD and 0.738700 USD. This implies that the price is at +1.35% from its lowest and at -4.17% from its highest.0.698500
0.738700
0.707900
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.613333 | 0.652100 | 0.694500 | 0.707900 | 0.727700 | 0.752200 | 1.037400 |
| Change (%) | -13.36% | -7.88% | -1.89% | - | +2.80% | +6.26% | +46.55% |
| Change | -0.094567 | -0.055800 | -0.013400 | - | +0.019800 | +0.044300 | +0.329500 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.538267 | 0.585133 | 0.658467 | 0.705333 | 0.778667 | 0.825533 | 0.898867 |
| Camarilla | 0.698745 | 0.709763 | 0.720782 | 0.731800 | 0.742818 | 0.753837 | 0.764855 |
| Woodie | 0.551500 | 0.591750 | 0.671700 | 0.711950 | 0.791900 | 0.832150 | 0.912100 |
| Fibonacci | 0.585133 | 0.631050 | 0.659417 | 0.705333 | 0.751250 | 0.779617 | 0.825533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.440500 | 0.478700 | 0.544100 | 0.582300 | 0.647700 | 0.685900 | 0.751300 |
| Camarilla | 0.581010 | 0.590507 | 0.600003 | 0.609500 | 0.618997 | 0.628493 | 0.637990 |
| Woodie | 0.454100 | 0.485500 | 0.557700 | 0.589100 | 0.661300 | 0.692700 | 0.764900 |
| Fibonacci | 0.478700 | 0.518275 | 0.542725 | 0.582300 | 0.621875 | 0.646325 | 0.685900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.082567 | 0.296433 | 0.501167 | 0.715033 | 0.919767 | 1.133633 | 1.338367 |
| Camarilla | 0.590785 | 0.629157 | 0.667528 | 0.705900 | 0.744272 | 0.782643 | 0.821015 |
| Woodie | 0.078000 | 0.294150 | 0.496600 | 0.712750 | 0.915200 | 1.131350 | 1.333800 |
| Fibonacci | 0.296433 | 0.456339 | 0.555128 | 0.715033 | 0.874939 | 0.973728 | 1.133633 |
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): | 51.27 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | -0.469446 | |
| AROON (14): | -21.428570 | |
| DEMA (21): | 0.714741 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.732792 | |
| Elder Ray (13): | -0.003309 | |
| Super Trend (3,10): | 0.683194 | |
| Zig ZAG (10): | 0.703100 | |
| VORTEX (21): | 0.9581 | |
| Stochastique (14,3,5): | 19.97 | |
| TEMA (21): | 0.709778 | |
| Williams %R (14): | -81.34 | |
| Chande Momentum Oscillator (20): | -0.003100 | |
| Repulse (5,40,3): | 0.0223 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2098 | |
| Courbe Coppock: | 0.54 |
| MA7: | 0.647543 | |
| MA20: | 0.613260 | |
| MA50: | 0.675312 | |
| MA100: | 0.947533 | |
| MAexp7: | 0.706806 | |
| MAexp20: | 0.704657 | |
| MAexp50: | 0.685630 | |
| MAexp100: | 0.661820 | |
| Price / MA7: | +9.32% | |
| Price / MA20: | +15.43% | |
| Price / MA50: | +4.83% | |
| Price / MA100: | -25.29% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +3.25% | |
| Price / MAexp100: | +6.96% |
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 - 1H