RIPPLE - XRP/USD - 1H - Technical analysis published on 01/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.230140 USD
My targets
0.237300 USD (+1.11%)
0.244700 USD (+4.26%)
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 0.230140 USD. The next resistance located at 0.237300 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 0.244700 USD. After this resistance, buyers could then target 0.275952 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.1
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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
The RIPPLE - XRP/USD rating is 0.234700 USD. On the day, this instrument gained +2.44% and was traded between 0.226400 USD and 0.237400 USD over the period. The price is currently at +3.67% from its lowest and -1.14% from its highest.0.226400
0.237400
0.234700
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
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 several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.224844 | 0.230140 | 0.233800 | 0.234700 | 0.237300 | 0.244700 | 0.275952 |
| Change (%) | -4.20% | -1.94% | -0.38% | - | +1.11% | +4.26% | +17.58% |
| Change | -0.009856 | -0.004560 | -0.000900 | - | +0.002600 | +0.010000 | +0.041252 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | 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 | 0.210967 | 0.216833 | 0.222967 | 0.228833 | 0.234967 | 0.240833 | 0.246967 |
| Camarilla | 0.225800 | 0.226900 | 0.228000 | 0.229100 | 0.230200 | 0.231300 | 0.232400 |
| Woodie | 0.211100 | 0.216900 | 0.223100 | 0.228900 | 0.235100 | 0.240900 | 0.247100 |
| Fibonacci | 0.216833 | 0.221417 | 0.224249 | 0.228833 | 0.233417 | 0.236249 | 0.240833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.162967 | 0.177933 | 0.194767 | 0.209733 | 0.226567 | 0.241533 | 0.258367 |
| Camarilla | 0.202855 | 0.205770 | 0.208685 | 0.211600 | 0.214515 | 0.217430 | 0.220345 |
| Woodie | 0.163900 | 0.178400 | 0.195700 | 0.210200 | 0.227500 | 0.242000 | 0.259300 |
| Fibonacci | 0.177933 | 0.190081 | 0.197586 | 0.209733 | 0.221881 | 0.229386 | 0.241533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.110000 | 0.142400 | 0.167500 | 0.199900 | 0.225000 | 0.257400 | 0.282500 |
| Camarilla | 0.176788 | 0.182058 | 0.187329 | 0.192600 | 0.197871 | 0.203142 | 0.208413 |
| Woodie | 0.106350 | 0.140575 | 0.163850 | 0.198075 | 0.221350 | 0.255575 | 0.278850 |
| Fibonacci | 0.142400 | 0.164365 | 0.177935 | 0.199900 | 0.221865 | 0.235435 | 0.257400 |
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): | 58.11 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 3.923029 | |
| AROON (14): | 64.285713 | |
| DEMA (21): | 0.233549 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.236892 | |
| Elder Ray (13): | -0.000707 | |
| Super Trend (3,10): | 0.228174 | |
| Zig ZAG (10): | 0.233300 | |
| VORTEX (21): | 1.0472 | |
| Stochastique (14,3,5): | 54.25 | |
| TEMA (21): | 0.234211 | |
| Williams %R (14): | -43.75 | |
| Chande Momentum Oscillator (20): | 0.001000 | |
| Repulse (5,40,3): | 0.4727 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0773 | |
| Courbe Coppock: | 3.30 |
| MA7: | 0.224200 | |
| MA20: | 0.208590 | |
| MA50: | 0.208932 | |
| MA100: | 0.241520 | |
| MAexp7: | 0.233041 | |
| MAexp20: | 0.232263 | |
| MAexp50: | 0.230635 | |
| MAexp100: | 0.227571 | |
| Price / MA7: | +4.68% | |
| Price / MA20: | +12.52% | |
| Price / MA50: | +12.33% | |
| Price / MA100: | -2.82% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +1.76% | |
| Price / MAexp100: | +3.13% |
This member declared not having a position on this financial instrument or a related financial instrument.
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