RIPPLE - XRP/USD - Daily - Technical analysis published on 09/17/2019 (GMT)
- Who voted?
- 240
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.279377 USD
My targets
0.363100 USD (+25.29%)
0.474100 USD (+63.60%)
My analysis
The strong short-term increase in Ripple - XRP/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.279377 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.363100 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.474100 USD as an objective. Crossing it would then enable buyers to target 0.680500 USD. Caution, a return under 0.279377 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.3
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 0.289800 USD. The price has increased by +11.12% since the last closing and was between 0.259900 USD and 0.298900 USD. This implies that the price is at +11.50% from its lowest and at -3.04% from its highest.0.259900
0.298900
0.289800
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
Technical analysis of Ripple - XRP/USD in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.262429 | 0.279377 | 0.289800 | 0.363100 | 0.474100 | 0.680500 |
| Change (%) | -9.44% | -3.60% | - | +25.29% | +63.60% | +134.82% |
| Change | -0.027371 | -0.010423 | - | +0.073300 | +0.184300 | +0.390700 |
| Level | Major | Major | - | Minor | Intermediate | Minor |
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 | 0.251133 | 0.253867 | 0.257333 | 0.260067 | 0.263533 | 0.266267 | 0.269733 |
| Camarilla | 0.259095 | 0.259663 | 0.260232 | 0.260800 | 0.261368 | 0.261937 | 0.262505 |
| Woodie | 0.251500 | 0.254050 | 0.257700 | 0.260250 | 0.263900 | 0.266450 | 0.270100 |
| Fibonacci | 0.253867 | 0.256235 | 0.257698 | 0.260067 | 0.262435 | 0.263898 | 0.266267 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.68 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | 17.855233 | |
| AROON (14): | 78.571428 | |
| DEMA (21): | 0.258889 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.243000 | |
| Elder Ray (13): | 0.015528 | |
| Super Trend (3,10): | 0.243856 | |
| Zig ZAG (10): | 0.289900 | |
| VORTEX (21): | 0.9783 | |
| Stochastique (14,3,5): | 71.73 | |
| TEMA (21): | 0.266675 | |
| Williams %R (14): | -16.93 | |
| Chande Momentum Oscillator (20): | 0.033700 | |
| Repulse (5,40,3): | 12.3095 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3252 | |
| Courbe Coppock: | 4.56 |
| MA7: | 0.262971 | |
| MA20: | 0.259970 | |
| MA50: | 0.277684 | |
| MA100: | 0.328692 | |
| MAexp7: | 0.267471 | |
| MAexp20: | 0.264433 | |
| MAexp50: | 0.280904 | |
| MAexp100: | 0.305971 | |
| Price / MA7: | +10.20% | |
| Price / MA20: | +11.47% | |
| Price / MA50: | +4.36% | |
| Price / MA100: | -11.83% | |
| Price / MAexp7: | +8.35% | |
| Price / MAexp20: | +9.59% | |
| Price / MAexp50: | +3.17% | |
| Price / MAexp100: | -5.29% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis RIPPLE - XRP/USD - Daily