RIPPLE - XRP/USD - 1H - Technical analysis published on 01/28/2020 (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
83%
6%
11%
My opinion
Bullish above 0.236860 USD
My targets
0.241400 USD (+1.00%)
0.261740 USD (+9.51%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RIPPLE - XRP/USD as long as the price remains well above 0.236860 USD. The buyers” bullish objective is set at 0.241400 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.261740 USD. If there is any crossing, the next objective would be the resistance located at 0.275952 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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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 price is 0.239000 USD. The price has increased by +3.73% since the last closing and was between 0.230400 USD and 0.241000 USD. This implies that the price is at +3.73% from its lowest and at -0.83% from its highest.0.230400
0.241000
0.239000
A study of price movements over other periods shows the following variations:
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. 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 : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle 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 | 0.225800 | 0.233800 | 0.236860 | 0.239000 | 0.241400 | 0.261740 | 0.275952 |
| Change (%) | -5.52% | -2.18% | -0.90% | - | +1.00% | +9.51% | +15.46% |
| Change | -0.013200 | -0.005200 | -0.002140 | - | +0.002400 | +0.022740 | +0.036952 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.218867 | 0.222333 | 0.226367 | 0.229833 | 0.233867 | 0.237333 | 0.241367 |
| Camarilla | 0.228338 | 0.229025 | 0.229713 | 0.230400 | 0.231088 | 0.231775 | 0.232463 |
| Woodie | 0.219150 | 0.222475 | 0.226650 | 0.229975 | 0.234150 | 0.237475 | 0.241650 |
| Fibonacci | 0.222333 | 0.225198 | 0.226968 | 0.229833 | 0.232698 | 0.234468 | 0.237333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.167433 | 0.190567 | 0.205033 | 0.228167 | 0.242633 | 0.265767 | 0.280233 |
| Camarilla | 0.209160 | 0.212607 | 0.216053 | 0.219500 | 0.222947 | 0.226393 | 0.229840 |
| Woodie | 0.163100 | 0.188400 | 0.200700 | 0.226000 | 0.238300 | 0.263600 | 0.275900 |
| Fibonacci | 0.190567 | 0.204930 | 0.213804 | 0.228167 | 0.242530 | 0.251404 | 0.265767 |
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): | 74.96 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 35.661956 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.234832 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.231100 | |
| Elder Ray (13): | 0.003497 | |
| Super Trend (3,10): | 0.229990 | |
| Zig ZAG (10): | 0.239600 | |
| VORTEX (21): | 1.0477 | |
| Stochastique (14,3,5): | 65.43 | |
| TEMA (21): | 0.234967 | |
| Williams %R (14): | -8.49 | |
| Chande Momentum Oscillator (20): | 0.005700 | |
| Repulse (5,40,3): | 3.5185 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0748 | |
| Courbe Coppock: | 1.92 |
| MA7: | 0.229029 | |
| MA20: | 0.227210 | |
| MA50: | 0.210790 | |
| MA100: | 0.235694 | |
| MAexp7: | 0.234415 | |
| MAexp20: | 0.232804 | |
| MAexp50: | 0.230106 | |
| MAexp100: | 0.228230 | |
| Price / MA7: | +4.35% | |
| Price / MA20: | +5.19% | |
| Price / MA50: | +13.38% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | +1.96% | |
| Price / MAexp20: | +2.66% | |
| Price / MAexp50: | +3.87% | |
| Price / MAexp100: | +4.72% |
This member declared not having a position on this financial instrument or a related financial instrument.
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