RIPPLE - XRP/USD - 1H - Technical analysis published on 07/15/2022 (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
89%
0%
11%
My opinion
Bullish above 0.326640 USD
My targets
0.335800 USD (+0.96%)
0.347367 USD (+4.44%)
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 0.326640 USD. The buyers' bullish objective is set at 0.335800 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.347367 USD. If there is any crossing, the next objective would be the resistance located at 0.357800 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USD price is 0.332600 USD. The price is lower by -0.03% since the last closing with the lowest point at 0.332000 USD and the highest point at 0.334200 USD. The deviation from the price is +0.18% for the low point and -0.48% for the high point.0.332000
0.334200
0.332600
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.311485 | 0.320777 | 0.326640 | 0.332600 | 0.335800 | 0.347367 | 0.357800 |
| Change (%) | -6.35% | -3.55% | -1.79% | - | +0.96% | +4.44% | +7.58% |
| Change | -0.021115 | -0.011823 | -0.005960 | - | +0.003200 | +0.014767 | +0.025200 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.298400 | 0.305500 | 0.319100 | 0.326200 | 0.339800 | 0.346900 | 0.360500 |
| Camarilla | 0.327008 | 0.328905 | 0.330803 | 0.332700 | 0.334598 | 0.336495 | 0.338393 |
| Woodie | 0.301650 | 0.307125 | 0.322350 | 0.327825 | 0.343050 | 0.348525 | 0.363750 |
| Fibonacci | 0.305500 | 0.313407 | 0.318293 | 0.326200 | 0.334107 | 0.338993 | 0.346900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.266967 | 0.287733 | 0.316267 | 0.337033 | 0.365567 | 0.386333 | 0.414867 |
| Camarilla | 0.331243 | 0.335762 | 0.340281 | 0.344800 | 0.349319 | 0.353838 | 0.358358 |
| Woodie | 0.270850 | 0.289675 | 0.320150 | 0.338975 | 0.369450 | 0.388275 | 0.418750 |
| Fibonacci | 0.287733 | 0.306566 | 0.318201 | 0.337033 | 0.355866 | 0.367501 | 0.386333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.132367 | 0.210033 | 0.270967 | 0.348633 | 0.409567 | 0.487233 | 0.548167 |
| Camarilla | 0.293785 | 0.306490 | 0.319195 | 0.331900 | 0.344605 | 0.357310 | 0.370015 |
| Woodie | 0.124000 | 0.205850 | 0.262600 | 0.344450 | 0.401200 | 0.483050 | 0.539800 |
| Fibonacci | 0.210033 | 0.262979 | 0.295688 | 0.348633 | 0.401579 | 0.434288 | 0.487233 |
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): | 71.32 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 27.064042 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.329902 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.323450 | |
| Elder Ray (13): | 0.005973 | |
| Super Trend (3,10): | 0.325227 | |
| Zig ZAG (10): | 0.333800 | |
| VORTEX (21): | 1.1913 | |
| Stochastique (14,3,5): | 97.48 | |
| TEMA (21): | 0.332405 | |
| Williams %R (14): | -6.48 | |
| Chande Momentum Oscillator (20): | 0.018700 | |
| Repulse (5,40,3): | 0.4714 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1193 | |
| Courbe Coppock: | 8.93 |
| MA7: | 0.326329 | |
| MA20: | 0.332120 | |
| MA50: | 0.352448 | |
| MA100: | 0.472377 | |
| MAexp7: | 0.330130 | |
| MAexp20: | 0.325164 | |
| MAexp50: | 0.321197 | |
| MAexp100: | 0.321361 | |
| Price / MA7: | +1.92% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | -5.63% | |
| Price / MA100: | -29.59% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +2.29% | |
| Price / MAexp50: | +3.55% | |
| Price / MAexp100: | +3.50% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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