RIPPLE - XRP/USD - 1H - Technical analysis published on 08/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.799450 USD
My targets
0.827800 USD (+0.94%)
0.841400 USD (+2.60%)
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 0.799450 USD. The buyers' bullish objective is set at 0.827800 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.841400 USD. If there is any crossing, the next objective would be the resistance located at 1.037400 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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
The RIPPLE - XRP/USD rating is 0.820100 USD. On the day, this instrument gained +0.23% and was between 0.800700 USD and 0.822500 USD. This implies that the price is at +2.42% from its lowest and at -0.29% from its highest.0.800700
0.822500
0.820100
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of RIPPLE - XRP/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.760889 | 0.799450 | 0.816767 | 0.820100 | 0.827800 | 0.841400 | 1.037400 |
| Change (%) | -7.22% | -2.52% | -0.41% | - | +0.94% | +2.60% | +26.50% |
| Change | -0.059211 | -0.020650 | -0.003333 | - | +0.007700 | +0.021300 | +0.217300 |
| Level | Intermediate | Minor | Minor | - | Minor | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.709733 | 0.735267 | 0.776733 | 0.802267 | 0.843733 | 0.869267 | 0.910733 |
| Camarilla | 0.799775 | 0.805917 | 0.812058 | 0.818200 | 0.824342 | 0.830483 | 0.836625 |
| Woodie | 0.717700 | 0.739250 | 0.784700 | 0.806250 | 0.851700 | 0.873250 | 0.918700 |
| Fibonacci | 0.735267 | 0.760861 | 0.776673 | 0.802267 | 0.827861 | 0.843673 | 0.869267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.614700 | 0.655600 | 0.736600 | 0.777500 | 0.858500 | 0.899400 | 0.980400 |
| Camarilla | 0.784078 | 0.795252 | 0.806426 | 0.817600 | 0.828774 | 0.839948 | 0.851123 |
| Woodie | 0.634750 | 0.665625 | 0.756650 | 0.787525 | 0.878550 | 0.909425 | 1.000450 |
| Fibonacci | 0.655600 | 0.702166 | 0.730934 | 0.777500 | 0.824066 | 0.852834 | 0.899400 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.333100 | 0.425000 | 0.585500 | 0.677400 | 0.837900 | 0.929800 | 1.090300 |
| Camarilla | 0.676590 | 0.699727 | 0.722863 | 0.746000 | 0.769137 | 0.792273 | 0.815410 |
| Woodie | 0.367400 | 0.442150 | 0.619800 | 0.694550 | 0.872200 | 0.946950 | 1.124600 |
| Fibonacci | 0.425000 | 0.521417 | 0.580983 | 0.677400 | 0.773817 | 0.833383 | 0.929800 |
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): | 55.12 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 1.503120 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.817660 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.798166 | |
| Elder Ray (13): | 0.004745 | |
| Super Trend (3,10): | 0.793086 | |
| Zig ZAG (10): | 0.817100 | |
| VORTEX (21): | 1.0362 | |
| Stochastique (14,3,5): | 81.77 | |
| TEMA (21): | 0.817548 | |
| Williams %R (14): | -17.51 | |
| Chande Momentum Oscillator (20): | -0.000400 | |
| Repulse (5,40,3): | 0.7931 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0685 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.777814 | |
| MA20: | 0.714505 | |
| MA50: | 0.662648 | |
| MA100: | 0.878720 | |
| MAexp7: | 0.816218 | |
| MAexp20: | 0.813045 | |
| MAexp50: | 0.804871 | |
| MAexp100: | 0.790390 | |
| Price / MA7: | +5.44% | |
| Price / MA20: | +14.78% | |
| Price / MA50: | +23.76% | |
| Price / MA100: | -6.67% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +1.89% | |
| Price / MAexp100: | +3.76% |
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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