RIPPLE - XRP/USD - 1H - Technical analysis published on 07/08/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.385400 USD
My targets
0.403800 USD (+1.74%)
0.419300 USD (+5.64%)
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 0.385400 USD. Crossing the first resistance at 0.403800 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.419300 USD as an objective. Crossing it would then enable buyers to target 0.427322 USD. Caution, a return to below 0.385400 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.
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 rating is 0.396900 USD. The price is lower by -0.50% since the last closing and was between 0.393300 USD and 0.399900 USD. This implies that the price is at +0.92% from its lowest and at -0.75% from its highest.0.393300
0.399900
0.396900
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:
Technical
Technical analysis of this 1H chart of Ripple - XRP/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.363100 | 0.374100 | 0.385400 | 0.396900 | 0.403800 | 0.419300 | 0.427322 |
| Change (%) | -8.52% | -5.74% | -2.90% | - | +1.74% | +5.64% | +7.66% |
| Change | -0.033800 | -0.022800 | -0.011500 | - | +0.006900 | +0.022400 | +0.030422 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.375900 | 0.381300 | 0.390100 | 0.395500 | 0.404300 | 0.409700 | 0.418500 |
| Camarilla | 0.394995 | 0.396297 | 0.397598 | 0.398900 | 0.400202 | 0.401503 | 0.402805 |
| Woodie | 0.377600 | 0.382150 | 0.391800 | 0.396350 | 0.406000 | 0.410550 | 0.420200 |
| Fibonacci | 0.381300 | 0.386724 | 0.390076 | 0.395500 | 0.400924 | 0.404276 | 0.409700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.313967 | 0.344033 | 0.366567 | 0.396633 | 0.419167 | 0.449233 | 0.471767 |
| Camarilla | 0.374635 | 0.379457 | 0.384278 | 0.389100 | 0.393922 | 0.398743 | 0.403565 |
| Woodie | 0.310200 | 0.342150 | 0.362800 | 0.394750 | 0.415400 | 0.447350 | 0.468000 |
| Fibonacci | 0.344033 | 0.364127 | 0.376540 | 0.396633 | 0.416727 | 0.429140 | 0.449233 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.78 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 5.093207 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.397575 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.391906 | |
| Elder Ray (13): | 0.000223 | |
| Super Trend (3,10): | 0.390214 | |
| Zig ZAG (10): | 0.397100 | |
| VORTEX (21): | 1.1054 | |
| Stochastique (14,3,5): | 63.70 | |
| TEMA (21): | 0.397440 | |
| Williams %R (14): | -39.39 | |
| Chande Momentum Oscillator (20): | 0.001400 | |
| Repulse (5,40,3): | -0.0346 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0306 | |
| Courbe Coppock: | 0.21 |
| MA7: | 0.393500 | |
| MA20: | 0.422760 | |
| MA50: | 0.416282 | |
| MA100: | 0.373140 | |
| MAexp7: | 0.397128 | |
| MAexp20: | 0.396336 | |
| MAexp50: | 0.394473 | |
| MAexp100: | 0.393820 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | -6.12% | |
| Price / MA50: | -4.66% | |
| Price / MA100: | +6.37% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +0.78% |
This member declared not having a position on this financial instrument or a related financial instrument.
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