RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Weekly - Technical analysis published on 11/20/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

11%

My opinion

Bullish above 0.537514 USD

My targets

0.711200 USD (+14.18%)

0.819900 USD (+31.63%)

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 0.537514 USD. The buyers' bullish objective is set at 0.711200 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.819900 USD. If there is any crossing, the next objective would be the resistance located at 1.160200 USD.

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

6.4

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

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.622900 USD. The price registered a decrease of -1.03% over 5 days and has been traded over the last 5 days between 0.585000 USD and 0.652600 USD. This implies that the 5 day price is +6.48% from its lowest point and -4.55% from its highest point.

0.585000

0.652600

0.622900

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of RIPPLE - XRP/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Weekly

Bullish harami cross

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.313520	0.537514	0.622900	0.819900	1.160200	1.390000
Change (%)	-49.67%	-13.71%	-	+31.63%	+86.26%	+123.15%
Change	-0.309380	-0.085386	-	+0.197000	+0.537300	+0.767100
Level	Intermediate	Major	-	Major	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	0.581967	0.591833	0.608867	0.618733	0.635767	0.645633	0.662667
Camarilla	0.618503	0.620968	0.623434	0.625900	0.628366	0.630832	0.633298
Woodie	0.585550	0.593625	0.612450	0.620525	0.639350	0.647425	0.666250
Fibonacci	0.591833	0.602109	0.608458	0.618733	0.629009	0.635358	0.645633

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.383467	0.484233	0.547367	0.648133	0.711267	0.812033	0.875167
Camarilla	0.565428	0.580452	0.595476	0.610500	0.625524	0.640548	0.655573
Woodie	0.364650	0.474825	0.528550	0.638725	0.692450	0.802625	0.856350
Fibonacci	0.484233	0.546843	0.585524	0.648133	0.710743	0.749424	0.812033

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.363000	0.418600	0.509300	0.564900	0.655600	0.711200	0.801900
Camarilla	0.559768	0.573178	0.586589	0.600000	0.613411	0.626822	0.640233
Woodie	0.380550	0.427375	0.526850	0.573675	0.673150	0.719975	0.819450
Fibonacci	0.418600	0.474487	0.509013	0.564900	0.620787	0.655313	0.711200

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.40
MACD (12,26,9):	0.0287
Directional Movement:	13.027632
AROON (14):	92.857143
DEMA (21):	0.600534
Parabolic SAR (0,02-0,02-0,2):	0.808881
Elder Ray (13):	0.036109
Super Trend (3,10):	0.479443
Zig ZAG (10):	0.622600
VORTEX (21):	1.0792
Stochastique (14,3,5):	60.48
TEMA (21):	0.607826
Williams %R (14):	-44.20
Chande Momentum Oscillator (20):	0.118700
Repulse (5,40,3):	-2.9350
ROCnROLL:	1
TRIX (15,9):	0.6169
Courbe Coppock:	5.35

MA7:	0.623300
MA20:	0.643925
MA50:	0.571508
MA100:	0.544702
MAexp7:	0.599656
MAexp20:	0.564046
MAexp50:	0.529195
MAexp100:	0.531237
Price / MA7:	-0.06%
Price / MA20:	-3.27%
Price / MA50:	+8.99%
Price / MA100:	+14.36%
Price / MAexp7:	+3.88%
Price / MAexp20:	+10.43%
Price / MAexp50:	+17.71%
Price / MAexp100:	+17.25%

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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