RIPPLE - XRP/USD - 1H - Technical analysis published on 05/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 0.468820 USD
My targets
0.493900 USD (+4.64%)
0.505100 USD (+7.01%)
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 0.468820 USD. The next resistance located at 0.493900 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 0.505100 USD. After this resistance, buyers could then target 0.531050 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7.1
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Additional analysis
Quotes
The RIPPLE - XRP/USD rating is 0.472000 USD. The price is lower by -0.02% since the last closing and was traded between 0.470300 USD and 0.473800 USD over the period. The price is currently at +0.36% from its lowest and -0.38% from its highest.0.470300
0.473800
0.472000
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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, 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.460700 | 0.468820 | 0.471600 | 0.472000 | 0.474500 | 0.505100 | 0.531050 |
| Change (%) | -2.39% | -0.67% | -0.08% | - | +0.53% | +7.01% | +12.51% |
| Change | -0.011300 | -0.003180 | -0.000400 | - | +0.002500 | +0.033100 | +0.059050 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 0.459600 | 0.462900 | 0.467500 | 0.470800 | 0.475400 | 0.478700 | 0.483300 |
| Camarilla | 0.469928 | 0.470652 | 0.471376 | 0.472100 | 0.472824 | 0.473548 | 0.474273 |
| Woodie | 0.460250 | 0.463225 | 0.468150 | 0.471125 | 0.476050 | 0.479025 | 0.483950 |
| Fibonacci | 0.462900 | 0.465918 | 0.467782 | 0.470800 | 0.473818 | 0.475682 | 0.478700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.421600 | 0.432500 | 0.452300 | 0.463200 | 0.483000 | 0.493900 | 0.513700 |
| Camarilla | 0.463658 | 0.466472 | 0.469286 | 0.472100 | 0.474914 | 0.477728 | 0.480543 |
| Woodie | 0.426050 | 0.434725 | 0.456750 | 0.465425 | 0.487450 | 0.496125 | 0.518150 |
| Fibonacci | 0.432500 | 0.444227 | 0.451473 | 0.463200 | 0.474927 | 0.482173 | 0.493900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.315533 | 0.376767 | 0.424133 | 0.485367 | 0.532733 | 0.593967 | 0.641333 |
| Camarilla | 0.441635 | 0.451590 | 0.461545 | 0.471500 | 0.481455 | 0.491410 | 0.501365 |
| Woodie | 0.308600 | 0.373300 | 0.417200 | 0.481900 | 0.525800 | 0.590500 | 0.634400 |
| Fibonacci | 0.376767 | 0.418252 | 0.443882 | 0.485367 | 0.526852 | 0.552482 | 0.593967 |
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): | 55.07 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | -4.763001 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.473334 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.468081 | |
| Elder Ray (13): | 0.000837 | |
| Super Trend (3,10): | 0.468425 | |
| Zig ZAG (10): | 0.472200 | |
| VORTEX (21): | 0.9874 | |
| Stochastique (14,3,5): | 77.55 | |
| TEMA (21): | 0.472576 | |
| Williams %R (14): | -32.65 | |
| Chande Momentum Oscillator (20): | 0.001900 | |
| Repulse (5,40,3): | -0.2436 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0390 | |
| Courbe Coppock: | 0.56 |
| MA7: | 0.463914 | |
| MA20: | 0.448875 | |
| MA50: | 0.468886 | |
| MA100: | 0.444922 | |
| MAexp7: | 0.472477 | |
| MAexp20: | 0.471594 | |
| MAexp50: | 0.468269 | |
| MAexp100: | 0.464388 | |
| Price / MA7: | +1.74% | |
| Price / MA20: | +5.15% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +6.09% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.64% |
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.
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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