RIPPLE - XRP/USD - 1H - Technical analysis published on 01/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.416300 USD
My targets
0.432200 USD (+2.01%)
0.446983 USD (+5.50%)
My analysis
The basic bullish trend is very strong on RIPPLE - XRP/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.416300 USD. Crossing the first resistance at 0.432200 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.446983 USD as an objective. Crossing it would then enable buyers to target 0.499700 USD. Caution, a return to below 0.416300 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.423700 USD. The price registered a decrease of -0.17% on the session and was between 0.418500 USD and 0.425100 USD. This implies that the price is at +1.24% from its lowest and at -0.33% from its highest.0.418500
0.425100
0.423700
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.398500 | 0.407980 | 0.416300 | 0.423700 | 0.432200 | 0.446983 | 0.499700 |
| Change (%) | -5.95% | -3.71% | -1.75% | - | +2.01% | +5.50% | +17.94% |
| Change | -0.025200 | -0.015720 | -0.007400 | - | +0.008500 | +0.023283 | +0.076000 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.373033 | 0.386467 | 0.405433 | 0.418867 | 0.437833 | 0.451267 | 0.470233 |
| Camarilla | 0.415490 | 0.418460 | 0.421430 | 0.424400 | 0.427370 | 0.430340 | 0.433310 |
| Woodie | 0.375800 | 0.387850 | 0.408200 | 0.420250 | 0.440600 | 0.452650 | 0.473000 |
| Fibonacci | 0.386467 | 0.398844 | 0.406490 | 0.418867 | 0.431244 | 0.438890 | 0.451267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.329567 | 0.349533 | 0.376367 | 0.396333 | 0.423167 | 0.443133 | 0.469967 |
| Camarilla | 0.390330 | 0.394620 | 0.398910 | 0.403200 | 0.407490 | 0.411780 | 0.416070 |
| Woodie | 0.333000 | 0.351250 | 0.379800 | 0.398050 | 0.426600 | 0.444850 | 0.473400 |
| Fibonacci | 0.349533 | 0.367411 | 0.378456 | 0.396333 | 0.414211 | 0.425256 | 0.443133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.251567 | 0.292033 | 0.315667 | 0.356133 | 0.379767 | 0.420233 | 0.443867 |
| Camarilla | 0.321673 | 0.327548 | 0.333424 | 0.339300 | 0.345176 | 0.351052 | 0.356928 |
| Woodie | 0.243150 | 0.287825 | 0.307250 | 0.351925 | 0.371350 | 0.416025 | 0.435450 |
| Fibonacci | 0.292033 | 0.316520 | 0.331647 | 0.356133 | 0.380620 | 0.395747 | 0.420233 |
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): | 52.89 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 2.441300 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.425102 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.430345 | |
| Elder Ray (13): | -0.000544 | |
| Super Trend (3,10): | 0.413158 | |
| Zig ZAG (10): | 0.422400 | |
| VORTEX (21): | 1.0096 | |
| Stochastique (14,3,5): | 24.56 | |
| TEMA (21): | 0.423817 | |
| Williams %R (14): | -75.19 | |
| Chande Momentum Oscillator (20): | -0.007500 | |
| Repulse (5,40,3): | 0.1525 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1126 | |
| Courbe Coppock: | 0.70 |
| MA7: | 0.405300 | |
| MA20: | 0.379760 | |
| MA50: | 0.369098 | |
| MA100: | 0.394540 | |
| MAexp7: | 0.422586 | |
| MAexp20: | 0.421809 | |
| MAexp50: | 0.416497 | |
| MAexp100: | 0.410066 | |
| Price / MA7: | +4.54% | |
| Price / MA20: | +11.57% | |
| Price / MA50: | +14.79% | |
| Price / MA100: | +7.39% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +1.73% | |
| Price / MAexp100: | +3.32% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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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