RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 03/12/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.694500 USD

My targets

0.928200 USD (+17.79%)

0.995000 USD (+26.27%)

My analysis

The strong short-term increase of RIPPLE - XRP/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.694500 USD, a purchase could be considered. The first bullish objective is located at 0.928200 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.995000 USD. If there is any crossing, the next objective would be the resistance at 1.159300 USD. Caution, if there is a return under 0.694500 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.8

Comment on the analysis

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 Loofp1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.788000 USD. On the day, this instrument lost -1.95% and was traded between 0.779300 USD and 0.848300 USD over the period. The price is currently at +1.12% from its lowest and -7.11% from its highest.

0.779300

0.848300

0.788000

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this RIPPLE - XRP/USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.530756	0.597280	0.694500	0.788000	0.995000	1.159300	1.282900
Change (%)	-32.65%	-24.20%	-11.87%	-	+26.27%	+47.12%	+62.80%
Change	-0.257244	-0.190720	-0.093500	-	+0.207000	+0.371300	+0.494900
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	Major

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	0.661900	0.693900	0.748800	0.780800	0.835700	0.867700	0.922600
Camarilla	0.779803	0.787768	0.795734	0.803700	0.811666	0.819632	0.827598
Woodie	0.673350	0.699625	0.760250	0.786525	0.847150	0.873425	0.934050
Fibonacci	0.693900	0.727096	0.747604	0.780800	0.813996	0.834504	0.867700

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.607267	0.656033	0.705167	0.753933	0.803067	0.851833	0.900967
Camarilla	0.727378	0.736352	0.745326	0.754300	0.763274	0.772248	0.781223
Woodie	0.607450	0.656125	0.705350	0.754025	0.803250	0.851925	0.901150
Fibonacci	0.656033	0.693431	0.716536	0.753933	0.791331	0.814436	0.851833

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.277000	0.433300	0.602600	0.758900	0.928200	1.084500	1.253800
Camarilla	0.682360	0.712207	0.742053	0.771900	0.801747	0.831593	0.861440
Woodie	0.283500	0.436550	0.609100	0.762150	0.934700	1.087750	1.260300
Fibonacci	0.433300	0.557679	0.634521	0.758900	0.883279	0.960121	1.084500

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):	55.04
MACD (12,26,9):	0.0060
Directional Movement:	9.266847
AROON (14):	35.714286
DEMA (21):	0.760401
Parabolic SAR (0,02-0,02-0,2):	0.661835
Elder Ray (13):	0.056945
Super Trend (3,10):	0.682144
Zig ZAG (10):	0.788000
VORTEX (21):	0.9701
Stochastique (14,3,5):	65.06
TEMA (21):	0.763894
Williams %R (14):	-41.64
Chande Momentum Oscillator (20):	0.016100
Repulse (5,40,3):	1.1676
ROCnROLL:	1
TRIX (15,9):	0.0416
Courbe Coppock:	7.08

MA7:	0.753086
MA20:	0.741270
MA50:	0.722036
MA100:	0.772026
MAexp7:	0.764524
MAexp20:	0.753499
MAexp50:	0.754909
MAexp100:	0.792629
Price / MA7:	+4.64%
Price / MA20:	+6.30%
Price / MA50:	+9.14%
Price / MA100:	+2.07%
Price / MAexp7:	+3.07%
Price / MAexp20:	+4.58%
Price / MAexp50:	+4.38%
Price / MAexp100:	-0.58%

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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