RIPPLE - XRP/USD - Daily - Technical analysis published on 02/04/2020 (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
94%
0%
6%
My opinion
Bullish above 0.243200 USD
My targets
0.275952 USD (+3.70%)
0.310400 USD (+16.65%)
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 0.243200 USD. The next resistance located at 0.275952 USD is the next bullish target 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 0.310400 USD. After this resistance, buyers could then target 0.680500 USD.
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
7.3
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 0.266100 USD. The price registered an increase of +4.48% on the session and was between 0.247300 USD and 0.267300 USD. This implies that the price is at +7.60% from its lowest and at -0.45% from its highest.0.247300
0.267300
0.266100
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
A technical analysis in Daily of this RIPPLE - XRP/USD chart shows a bullish trend. The signals returned by the moving averages are 75% bullish. This bullish trend is reinforced 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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
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 | 0.219220 | 0.243200 | 0.261740 | 0.266100 | 0.275952 | 0.310400 | 0.680500 |
| Change (%) | -17.62% | -8.61% | -1.64% | - | +3.70% | +16.65% | +155.73% |
| Change | -0.046880 | -0.022900 | -0.004360 | - | +0.009852 | +0.044300 | +0.414400 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | 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 | 0.234667 | 0.240633 | 0.247667 | 0.253633 | 0.260667 | 0.266633 | 0.273667 |
| Camarilla | 0.251125 | 0.252317 | 0.253508 | 0.254700 | 0.255892 | 0.257083 | 0.258275 |
| Woodie | 0.235200 | 0.240900 | 0.248200 | 0.253900 | 0.261200 | 0.266900 | 0.274200 |
| Fibonacci | 0.240633 | 0.245599 | 0.248667 | 0.253633 | 0.258599 | 0.261667 | 0.266633 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.96 | |
| MACD (12,26,9): | 0.0091 | |
| Directional Movement: | 19.855109 | |
| AROON (14): | 64.285715 | |
| DEMA (21): | 0.248311 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.219194 | |
| Elder Ray (13): | 0.011262 | |
| Super Trend (3,10): | 0.214898 | |
| Zig ZAG (10): | 0.257200 | |
| VORTEX (21): | 1.1264 | |
| Stochastique (14,3,5): | 86.78 | |
| TEMA (21): | 0.253604 | |
| Williams %R (14): | -3.16 | |
| Chande Momentum Oscillator (20): | 0.034800 | |
| Repulse (5,40,3): | 9.2070 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5187 | |
| Courbe Coppock: | 12.02 |
| MA7: | 0.246600 | |
| MA20: | 0.236955 | |
| MA50: | 0.214744 | |
| MA100: | 0.232643 | |
| MAexp7: | 0.248929 | |
| MAexp20: | 0.236472 | |
| MAexp50: | 0.227908 | |
| MAexp100: | 0.235405 | |
| Price / MA7: | +7.91% | |
| Price / MA20: | +12.30% | |
| Price / MA50: | +23.91% | |
| Price / MA100: | +14.38% | |
| Price / MAexp7: | +6.90% | |
| Price / MAexp20: | +12.53% | |
| Price / MAexp50: | +16.76% | |
| Price / MAexp100: | +13.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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