RIPPLE - XRP/USD - 1H - Technical analysis published on 09/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 0.259400 USD
My targets
0.262429 USD (+0.16%)
0.266300 USD (+1.64%)
My analysis
The bullish trend is currently very strong on Ripple - XRP/USD. As long as the price remains above the support at 0.259400 USD, you could try to benefit from the boom. The first bullish objective is located at 0.262429 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.266300 USD as an objective. Crossing it would then enable buyers to target 0.279377 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Ripple - XRP/USD rating 0.262000 USD. The price registered an increase of +0.61% on the session and was traded between 0.260300 USD and 0.263500 USD over the period. The price is currently at +0.65% from its lowest and -0.57% from its highest.0.260300
0.263500
0.262000
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 overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.254280 | 0.256567 | 0.259400 | 0.262000 | 0.262429 | 0.266300 | 0.279377 |
| Change (%) | -2.95% | -2.07% | -0.99% | - | +0.16% | +1.64% | +6.63% |
| Change | -0.007720 | -0.005433 | -0.002600 | - | +0.000429 | +0.004300 | +0.017377 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.253067 | 0.256133 | 0.258267 | 0.261333 | 0.263467 | 0.266533 | 0.268667 |
| Camarilla | 0.258970 | 0.259447 | 0.259923 | 0.260400 | 0.260877 | 0.261353 | 0.261830 |
| Woodie | 0.252600 | 0.255900 | 0.257800 | 0.261100 | 0.263000 | 0.266300 | 0.268200 |
| Fibonacci | 0.256133 | 0.258120 | 0.259347 | 0.261333 | 0.263320 | 0.264547 | 0.266533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.237400 | 0.244000 | 0.253100 | 0.259700 | 0.268800 | 0.275400 | 0.284500 |
| Camarilla | 0.257883 | 0.259322 | 0.260761 | 0.262200 | 0.263639 | 0.265078 | 0.266518 |
| Woodie | 0.238650 | 0.244625 | 0.254350 | 0.260325 | 0.270050 | 0.276025 | 0.285750 |
| Fibonacci | 0.244000 | 0.249997 | 0.253703 | 0.259700 | 0.265697 | 0.269403 | 0.275400 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.134867 | 0.188933 | 0.223467 | 0.277533 | 0.312067 | 0.366133 | 0.400667 |
| Camarilla | 0.233635 | 0.241757 | 0.249878 | 0.258000 | 0.266122 | 0.274243 | 0.282365 |
| Woodie | 0.125100 | 0.184050 | 0.213700 | 0.272650 | 0.302300 | 0.361250 | 0.390900 |
| Fibonacci | 0.188933 | 0.222779 | 0.243688 | 0.277533 | 0.311379 | 0.332288 | 0.366133 |
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): | 54.29 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.350685 | |
| AROON (14): | 92.857140 | |
| DEMA (21): | 0.262031 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.260200 | |
| Elder Ray (13): | -0.000086 | |
| Super Trend (3,10): | 0.263707 | |
| Zig ZAG (10): | 0.262100 | |
| VORTEX (21): | 0.9125 | |
| Stochastique (14,3,5): | 72.16 | |
| TEMA (21): | 0.261972 | |
| Williams %R (14): | -26.83 | |
| Chande Momentum Oscillator (20): | 0.003000 | |
| Repulse (5,40,3): | 0.0491 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0045 | |
| Courbe Coppock: | 1.51 |
| MA7: | 0.258414 | |
| MA20: | 0.258285 | |
| MA50: | 0.278086 | |
| MA100: | 0.329644 | |
| MAexp7: | 0.262142 | |
| MAexp20: | 0.261733 | |
| MAexp50: | 0.260797 | |
| MAexp100: | 0.259306 | |
| Price / MA7: | +1.39% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | -5.78% | |
| Price / MA100: | -20.52% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +1.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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