RIPPLE - XRP/USD - 15 min. - Technical analysis published on 06/24/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.455000 USD
My targets
0.471800 USD (+1.57%)
0.482900 USD (+3.96%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for Ripple - XRP/USD as long as the price remains well above 0.455000 USD. The buyers” bullish objective is set at 0.471800 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.482900 USD. If there is any crossing, the next objective would be the resistance located at 0.499700 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.471800 USD. On this resistance, against the trend traders who would like to go short on Ripple - XRP/USD with a bearish signal from their trading strategy, should not hesitate to act.
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:
Additional analysis
Quotes
The Ripple - XRP/USD price is 0.464500 USD. The price is lower by -0.34% since the last closing and was traded between 0.445700 USD and 0.466700 USD over the period. The price is currently at +4.22% from its lowest and -0.47% from its highest.0.445700
0.466700
0.464500
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this Ripple - XRP/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Piercing line
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.441678 | 0.449700 | 0.459000 | 0.464500 | 0.578689 | 0.923400 | 2.780000 |
| Change (%) | -4.91% | -3.19% | -1.18% | - | +24.58% | +98.79% | +498.49% |
| Change | -0.022822 | -0.014800 | -0.005500 | - | +0.114189 | +0.458900 | +2.315500 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.427100 | 0.443900 | 0.455000 | 0.471800 | 0.482900 | 0.499700 | 0.510800 |
| Camarilla | 0.458427 | 0.460985 | 0.463542 | 0.466100 | 0.468657 | 0.471215 | 0.473772 |
| Woodie | 0.424250 | 0.442475 | 0.452150 | 0.470375 | 0.480050 | 0.498275 | 0.507950 |
| Fibonacci | 0.443900 | 0.454558 | 0.461142 | 0.471800 | 0.482458 | 0.489042 | 0.499700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.323333 | 0.365967 | 0.420033 | 0.462667 | 0.516733 | 0.559367 | 0.613433 |
| Camarilla | 0.447508 | 0.456372 | 0.465236 | 0.474100 | 0.482964 | 0.491828 | 0.500692 |
| Woodie | 0.329050 | 0.368825 | 0.425750 | 0.465525 | 0.522450 | 0.562225 | 0.619150 |
| Fibonacci | 0.365967 | 0.402906 | 0.425727 | 0.462667 | 0.499606 | 0.522427 | 0.559367 |
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): | 59.99 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 4.951678 | |
| AROON (14): | 78.571428 | |
| DEMA (21): | 0.461332 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.457043 | |
| Elder Ray (13): | 0.002593 | |
| Super Trend (3,10): | 0.463911 | |
| Zig ZAG (10): | 0.463800 | |
| VORTEX (21): | 1.1886 | |
| Stochastique (14,3,5): | 85.76 | |
| TEMA (21): | 0.463366 | |
| Williams %R (14): | -10.75 | |
| Chande Momentum Oscillator (20): | 0.006000 | |
| Repulse (5,40,3): | 0.3403 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0094 | |
| Courbe Coppock: | 1.37 |
| MA7: | 0.449014 | |
| MA20: | 0.423435 | |
| MA50: | 0.399600 | |
| MA100: | 0.358988 | |
| MAexp7: | 0.463160 | |
| MAexp20: | 0.460587 | |
| MAexp50: | 0.461897 | |
| MAexp100: | 0.464876 | |
| Price / MA7: | +3.45% | |
| Price / MA20: | +9.70% | |
| Price / MA50: | +16.24% | |
| Price / MA100: | +29.39% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | -0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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