RIPPLE - XRP/USD - 1H - Technical analysis published on 07/18/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.307500 USD
My targets
0.318340 USD (+1.00%)
0.337750 USD (+7.15%)
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 0.307500 USD. The next resistance located at 0.318340 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 0.337750 USD. After this resistance, buyers could then target 0.350556 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.
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 0.315200 USD. On the day, this instrument gained +1.38% and was between 0.307800 USD and 0.319500 USD. This implies that the price is at +2.40% from its lowest and at -1.35% from its highest.0.307800
0.319500
0.315200
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this Ripple - XRP/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 0.279048 | 0.295267 | 0.307500 | 0.315200 | 0.318340 | 0.337750 | 0.350556 |
Change (%) | -11.47% | -6.32% | -2.44% | - | +1.00% | +7.15% | +11.22% |
Change | -0.036152 | -0.019933 | -0.007700 | - | +0.003140 | +0.022550 | +0.035356 |
Level | Major | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 0.262867 | 0.278033 | 0.294467 | 0.309633 | 0.326067 | 0.341233 | 0.357667 |
Camarilla | 0.302210 | 0.305107 | 0.308003 | 0.310900 | 0.313797 | 0.316693 | 0.319590 |
Woodie | 0.263500 | 0.278350 | 0.295100 | 0.309950 | 0.326700 | 0.341550 | 0.358300 |
Fibonacci | 0.278033 | 0.290105 | 0.297562 | 0.309633 | 0.321705 | 0.329162 | 0.341233 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.208033 | 0.263067 | 0.297533 | 0.352567 | 0.387033 | 0.442067 | 0.476533 |
Camarilla | 0.307388 | 0.315592 | 0.323796 | 0.332000 | 0.340204 | 0.348408 | 0.356613 |
Woodie | 0.197750 | 0.257925 | 0.287250 | 0.347425 | 0.376750 | 0.436925 | 0.466250 |
Fibonacci | 0.263067 | 0.297256 | 0.318378 | 0.352567 | 0.386756 | 0.407878 | 0.442067 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.205633 | 0.288067 | 0.340433 | 0.422867 | 0.475233 | 0.557667 | 0.610033 |
Camarilla | 0.355730 | 0.368087 | 0.380443 | 0.392800 | 0.405157 | 0.417513 | 0.429870 |
Woodie | 0.190600 | 0.280550 | 0.325400 | 0.415350 | 0.460200 | 0.550150 | 0.595000 |
Fibonacci | 0.288067 | 0.339560 | 0.371373 | 0.422867 | 0.474360 | 0.506173 | 0.557667 |
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): | 57.86 | |
MACD (12,26,9): | 0.0021 | |
Directional Movement: | 11.519769 | |
AROON (14): | -21.428572 | |
DEMA (21): | 0.316134 | |
Parabolic SAR (0,02-0,02-0,2): | 0.308034 | |
Elder Ray (13): | 0.002945 | |
Super Trend (3,10): | 0.305150 | |
Zig ZAG (10): | 0.317300 | |
VORTEX (21): | 1.0790 | |
Stochastique (14,3,5): | 66.90 | |
TEMA (21): | 0.316763 | |
Williams %R (14): | -26.50 | |
Chande Momentum Oscillator (20): | 0.005500 | |
Repulse (5,40,3): | 0.2050 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1120 | |
Courbe Coppock: | 0.50 |
MA7: | 0.316657 | |
MA20: | 0.364240 | |
MA50: | 0.401254 | |
MA100: | 0.371883 | |
MAexp7: | 0.315229 | |
MAexp20: | 0.313161 | |
MAexp50: | 0.310920 | |
MAexp100: | 0.314438 | |
Price / MA7: | -0.46% | |
Price / MA20: | -13.46% | |
Price / MA50: | -21.45% | |
Price / MA100: | -15.24% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | +0.65% | |
Price / MAexp50: | +1.38% | |
Price / MAexp100: | +0.24% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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