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 04/04/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 0.801662 USD

My targets

0.885222 USD (+6.44%)

0.994715 USD (+19.60%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on RIPPLE - XRP/USD. This is a positive signal for buyers. As long as the price remains above 0.801662 USD, a purchase could be considered. The first bullish objective is located at 0.885222 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.994715 USD as an objective. Crossing it would then enable buyers to target 1.160200 USD. In the event of a return below 0.801662 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

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

Additional analysis

Quotes

The RIPPLE - XRP/USD price is 0.831700 USD. The price is lower by -1.39% since the last closing and was between 0.823600 USD and 0.843200 USD. This implies that the price is at +0.98% from its lowest and at -1.36% from its highest.

0.823600

0.843200

0.831700

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:

Technical

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

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.596200	0.696500	0.801662	0.831700	0.885222	0.994715	1.160200
Change (%)	-28.32%	-16.26%	-3.61%	-	+6.44%	+19.60%	+39.50%
Change	-0.235500	-0.135200	-0.030038	-	+0.053522	+0.163015	+0.328500
Level	Major	Minor	Major	-	Major	Intermediate	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	0.787067	0.801533	0.822467	0.836933	0.857867	0.872333	0.893267
Camarilla	0.833665	0.836910	0.840155	0.843400	0.846645	0.849890	0.853135
Woodie	0.790300	0.803150	0.825700	0.838550	0.861100	0.873950	0.896500
Fibonacci	0.801533	0.815056	0.823411	0.836933	0.850456	0.858811	0.872333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.691033	0.746067	0.785033	0.840067	0.879033	0.934067	0.973033
Camarilla	0.798150	0.806767	0.815383	0.824000	0.832617	0.841233	0.849850
Woodie	0.683000	0.742050	0.777000	0.836050	0.871000	0.930050	0.965000
Fibonacci	0.746067	0.781975	0.804159	0.840067	0.875975	0.898159	0.934067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.522233	0.612867	0.713833	0.804467	0.905433	0.996067	1.097033
Camarilla	0.762110	0.779673	0.797237	0.814800	0.832363	0.849927	0.867490
Woodie	0.527400	0.615450	0.719000	0.807050	0.910600	0.998650	1.102200
Fibonacci	0.612867	0.686058	0.731276	0.804467	0.877658	0.922876	0.996067

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):	53.74
MACD (12,26,9):	0.0162
Directional Movement:	5.895951
AROON (14):	50.000000
DEMA (21):	0.847585
Parabolic SAR (0,02-0,02-0,2):	0.887803
Elder Ray (13):	0.001192
Super Trend (3,10):	0.768727
Zig ZAG (10):	0.831700
VORTEX (21):	1.0968
Stochastique (14,3,5):	39.05
TEMA (21):	0.848363
Williams %R (14):	-67.45
Chande Momentum Oscillator (20):	-0.006400
Repulse (5,40,3):	-0.9532
ROCnROLL:	-1
TRIX (15,9):	0.3805
Courbe Coppock:	6.23

MA7:	0.837129
MA20:	0.829500
MA50:	0.786750
MA100:	0.763773
MAexp7:	0.835217
MAexp20:	0.824139
MAexp50:	0.798029
MAexp100:	0.806324
Price / MA7:	-0.65%
Price / MA20:	+0.27%
Price / MA50:	+5.71%
Price / MA100:	+8.89%
Price / MAexp7:	-0.42%
Price / MAexp20:	+0.92%
Price / MAexp50:	+4.22%
Price / MAexp100:	+3.15%

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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