RIPPLE - XRP/USD - Daily - Technical analysis published on 02/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.243200 USD
My targets
0.261740 USD (+5.07%)
0.275952 USD (+10.78%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on RIPPLE - XRP/USD. This is a positive signal for buyers. As long as the price remains above 0.243200 USD, a purchase could be considered. The first bullish objective is located at 0.261740 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.275952 USD as an objective. Crossing it would then enable buyers to target 0.310400 USD. In the event of a return below 0.243200 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
6.4
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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 0.249100 USD. The price registered an increase of -0.88% on the session and was between 0.247100 USD and 0.259600 USD. This implies that the price is at +0.81% from its lowest and at -4.04% from its highest.0.247100
0.259600
0.249100
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 Daily chart of RIPPLE - XRP/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.186967 | 0.218800 | 0.243200 | 0.249100 | 0.261740 | 0.275952 | 0.310400 |
| Change (%) | -24.94% | -12.16% | -2.37% | - | +5.07% | +10.78% | +24.61% |
| Change | -0.062133 | -0.030300 | -0.005900 | - | +0.012640 | +0.026852 | +0.061300 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 0.212567 | 0.224233 | 0.237767 | 0.249433 | 0.262967 | 0.274633 | 0.288167 |
| Camarilla | 0.244370 | 0.246680 | 0.248990 | 0.251300 | 0.253610 | 0.255920 | 0.258230 |
| Woodie | 0.213500 | 0.224700 | 0.238700 | 0.249900 | 0.263900 | 0.275100 | 0.289100 |
| Fibonacci | 0.224233 | 0.233860 | 0.239807 | 0.249433 | 0.259060 | 0.265007 | 0.274633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.195300 | 0.206600 | 0.223900 | 0.235200 | 0.252500 | 0.263800 | 0.281100 |
| Camarilla | 0.233335 | 0.235957 | 0.238578 | 0.241200 | 0.243822 | 0.246443 | 0.249065 |
| Woodie | 0.198300 | 0.208100 | 0.226900 | 0.236700 | 0.255500 | 0.265300 | 0.284100 |
| Fibonacci | 0.206600 | 0.217525 | 0.224275 | 0.235200 | 0.246125 | 0.252875 | 0.263800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.128967 | 0.156533 | 0.197767 | 0.225333 | 0.266567 | 0.294133 | 0.335367 |
| Camarilla | 0.220080 | 0.226387 | 0.232693 | 0.239000 | 0.245307 | 0.251613 | 0.257920 |
| Woodie | 0.135800 | 0.159950 | 0.204600 | 0.228750 | 0.273400 | 0.297550 | 0.342200 |
| Fibonacci | 0.156533 | 0.182815 | 0.199052 | 0.225333 | 0.251615 | 0.267852 | 0.294133 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.01 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 21.283992 | |
| AROON (14): | 64.285712 | |
| DEMA (21): | 0.244225 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.217448 | |
| Elder Ray (13): | 0.015002 | |
| Super Trend (3,10): | 0.214987 | |
| Zig ZAG (10): | 0.249400 | |
| VORTEX (21): | 1.1217 | |
| Stochastique (14,3,5): | 75.93 | |
| TEMA (21): | 0.248163 | |
| Williams %R (14): | -25.74 | |
| Chande Momentum Oscillator (20): | 0.012300 | |
| Repulse (5,40,3): | 1.6529 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4908 | |
| Courbe Coppock: | 7.35 |
| MA7: | 0.242657 | |
| MA20: | 0.235675 | |
| MA50: | 0.213676 | |
| MA100: | 0.233034 | |
| MAexp7: | 0.242897 | |
| MAexp20: | 0.234096 | |
| MAexp50: | 0.226601 | |
| MAexp100: | 0.234766 | |
| Price / MA7: | +2.66% | |
| Price / MA20: | +5.70% | |
| Price / MA50: | +16.58% | |
| Price / MA100: | +6.89% | |
| Price / MAexp7: | +2.55% | |
| Price / MAexp20: | +6.41% | |
| Price / MAexp50: | +9.93% | |
| Price / MAexp100: | +6.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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