RIPPLE - XRP/USD - 1H - Technical analysis published on 08/11/2022 (GMT)
- 157
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.378088 USD
My targets
0.385082 USD (+1.02%)
0.426633 USD (+11.92%)
My analysis
RIPPLE - XRP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.378088 USD. The next resistance located at 0.385082 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.426633 USD. After this resistance, buyers could then target 0.694950 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIPPLE - XRP/USD rating 0.381200 USD. The price is lower by -0.03% since the last closing with the lowest point at 0.378700 USD and the highest point at 0.385400 USD. The deviation from the price is +0.66% for the low point and -1.09% for the high point.0.378700
0.385400
0.381200
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of RIPPLE - XRP/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.367633 | 0.373500 | 0.378088 | 0.381200 | 0.385082 | 0.694950 | 0.785100 |
| Change (%) | -3.56% | -2.02% | -0.82% | - | +1.02% | +82.31% | +105.95% |
| Change | -0.013567 | -0.007700 | -0.003112 | - | +0.003882 | +0.313750 | +0.403900 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
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 | 0.343800 | 0.351300 | 0.366300 | 0.373800 | 0.388800 | 0.396300 | 0.411300 |
| Camarilla | 0.375113 | 0.377175 | 0.379238 | 0.381300 | 0.383363 | 0.385425 | 0.387488 |
| Woodie | 0.347550 | 0.353175 | 0.370050 | 0.375675 | 0.392550 | 0.398175 | 0.415050 |
| Fibonacci | 0.351300 | 0.359895 | 0.365205 | 0.373800 | 0.382395 | 0.387705 | 0.396300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.322233 | 0.342767 | 0.357033 | 0.377567 | 0.391833 | 0.412367 | 0.426633 |
| Camarilla | 0.361730 | 0.364920 | 0.368110 | 0.371300 | 0.374490 | 0.377680 | 0.380870 |
| Woodie | 0.319100 | 0.341200 | 0.353900 | 0.376000 | 0.388700 | 0.410800 | 0.423500 |
| Fibonacci | 0.342767 | 0.356060 | 0.364273 | 0.377567 | 0.390860 | 0.399073 | 0.412367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.212533 | 0.257967 | 0.318933 | 0.364367 | 0.425333 | 0.470767 | 0.531733 |
| Camarilla | 0.350640 | 0.360393 | 0.370147 | 0.379900 | 0.389653 | 0.399407 | 0.409160 |
| Woodie | 0.220300 | 0.261850 | 0.326700 | 0.368250 | 0.433100 | 0.474650 | 0.539500 |
| Fibonacci | 0.257967 | 0.298612 | 0.323722 | 0.364367 | 0.405012 | 0.430122 | 0.470767 |
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): | 58.97 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 8.284864 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.382519 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.385015 | |
| Elder Ray (13): | 0.000445 | |
| Super Trend (3,10): | 0.377155 | |
| Zig ZAG (10): | 0.380700 | |
| VORTEX (21): | 1.0839 | |
| Stochastique (14,3,5): | 46.23 | |
| TEMA (21): | 0.383374 | |
| Williams %R (14): | -62.67 | |
| Chande Momentum Oscillator (20): | 0.000700 | |
| Repulse (5,40,3): | -0.2368 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1270 | |
| Courbe Coppock: | 1.86 |
| MA7: | 0.375571 | |
| MA20: | 0.369065 | |
| MA50: | 0.351724 | |
| MA100: | 0.380983 | |
| MAexp7: | 0.380917 | |
| MAexp20: | 0.378934 | |
| MAexp50: | 0.375500 | |
| MAexp100: | 0.374327 | |
| Price / MA7: | +1.50% | |
| Price / MA20: | +3.29% | |
| Price / MA50: | +8.38% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +1.52% | |
| Price / MAexp100: | +1.84% |
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