RIPPLE - XRP/USD
RIPPLE - XRP/USD
- USD (-)
- Real time data - Cryptocompare
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Change: -
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Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 06/17/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.419633 USD
My targets
0.459000 USD (+6.25%)
0.578689 USD (+33.96%)
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 0.419633 USD. The buyers” bullish objective is set at 0.459000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.578689 USD. If there is any crossing, the next objective would be the resistance located at 0.923400 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The Ripple - XRP/USD rating is 0.432000 USD. The price registered an increase of +0.70% on the session and was between 0.427600 USD and 0.438100 USD. This implies that the price is at +1.03% from its lowest and at -1.39% from its highest.

0.427600
0.438100
0.432000

Here is a more detailed summary of the historical variations registered by Ripple - XRP/USD:

Technical


A technical analysis in Daily of this Ripple - XRP/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.385400 0.403800 0.419633 0.432000 0.459000 0.578689 0.923400
Change (%) -10.79% -6.53% -2.86% - +6.25% +33.96% +113.75%
Change -0.046600 -0.028200 -0.012367 - +0.027000 +0.146689 +0.491400
Level Intermediate Major Major - Intermediate Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3780670.3933330.4111670.4264330.4442670.4595330.477367
Camarilla0.4198970.4229320.4259660.4290000.4320340.4350680.438103
Woodie0.3793500.3939750.4124500.4270750.4455500.4601750.478650
Fibonacci0.3933330.4059780.4137890.4264330.4390780.4468890.459533


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3395000.3550000.3830000.3985000.4265000.4420000.470000
Camarilla0.3990380.4030250.4070120.4110000.4149880.4189750.422962
Woodie0.3457500.3581250.3892500.4016250.4327500.4451250.476250
Fibonacci0.3550000.3716170.3818830.3985000.4151170.4253830.442000

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): 58.80
MACD (12,26,9): 0.0081
Directional Movement: 9.71
AROON (14): -42.86
DEMA (21): 0.421377
Parabolic SAR (0,02-0,02-0,2): 0.441700
Elder Ray (13): 0.020204
Super Trend (3,10): 0.360194
Zig ZAG (10): 0.432100
VORTEX (21): 1.0365
Stochastique (14,3,5): 63.99
TEMA (21): 0.415385
Williams %R (14): -13.20
Chande Momentum Oscillator (20): 0.031500
Repulse (5,40,3): 4.7636
ROCnROLL: 1
TRIX (15,9): 0.3199
Courbe Coppock: 5.79
MA7: 0.410829
MA20: 0.415030
MA50: 0.378202
MA100: 0.349228
MAexp7: 0.416811
MAexp20: 0.409228
MAexp50: 0.387088
MAexp100: 0.366168
Price / MA7: +5.15%
Price / MA20: +4.09%
Price / MA50: +14.22%
Price / MA100: +23.70%
Price / MAexp7: +3.64%
Price / MAexp20: +5.56%
Price / MAexp50: +11.60%
Price / MAexp100: +17.98%

This member declared not having a position on this financial instrument or a related financial instrument.

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