RIPPLE - XRP/USD - 1H - Technical analysis published on 02/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.271227 USD
My targets
0.281750 USD (+1.53%)
0.290000 USD (+4.50%)
My analysis
The strong short-term increase for RIPPLE - XRP/USD reinforces the current slightly bullish trend. As long as the price remains above 0.271227 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.281750 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.290000 USD as an objective. Crossing it would then enable buyers to target 0.310400 USD. A return to 0.271227 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
4.5
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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 0.277500 USD. The price is lower by +1.35% since the last closing and was traded between 0.267100 USD and 0.278200 USD over the period. The price is currently at +3.89% from its lowest and -0.25% from its highest.0.267100
0.278200
0.277500
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
A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.267500 | 0.271227 | 0.275952 | 0.277500 | 0.281750 | 0.290000 | 0.310400 |
| Change (%) | -3.60% | -2.26% | -0.56% | - | +1.53% | +4.50% | +11.86% |
| Change | -0.010000 | -0.006273 | -0.001548 | - | +0.004250 | +0.012500 | +0.032900 |
| Level | Major | 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 | 0.250633 | 0.259067 | 0.266433 | 0.274867 | 0.282233 | 0.290667 | 0.298033 |
| Camarilla | 0.269455 | 0.270903 | 0.272352 | 0.273800 | 0.275248 | 0.276697 | 0.278145 |
| Woodie | 0.250100 | 0.258800 | 0.265900 | 0.274600 | 0.281700 | 0.290400 | 0.297500 |
| Fibonacci | 0.259067 | 0.265102 | 0.268831 | 0.274867 | 0.280902 | 0.284631 | 0.290667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.194233 | 0.215067 | 0.246333 | 0.267167 | 0.298433 | 0.319267 | 0.350533 |
| Camarilla | 0.263273 | 0.268048 | 0.272824 | 0.277600 | 0.282376 | 0.287152 | 0.291928 |
| Woodie | 0.199450 | 0.217675 | 0.251550 | 0.269775 | 0.303650 | 0.321875 | 0.355750 |
| Fibonacci | 0.215067 | 0.234969 | 0.247265 | 0.267167 | 0.287069 | 0.299365 | 0.319267 |
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): | 64.07 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 12.030316 | |
| AROON (14): | 78.571428 | |
| DEMA (21): | 0.272101 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.268081 | |
| Elder Ray (13): | 0.002390 | |
| Super Trend (3,10): | 0.268329 | |
| Zig ZAG (10): | 0.277100 | |
| VORTEX (21): | 0.9932 | |
| Stochastique (14,3,5): | 82.35 | |
| TEMA (21): | 0.273258 | |
| Williams %R (14): | -5.71 | |
| Chande Momentum Oscillator (20): | 0.009200 | |
| Repulse (5,40,3): | 1.8333 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0497 | |
| Courbe Coppock: | 1.39 |
| MA7: | 0.278671 | |
| MA20: | 0.252400 | |
| MA50: | 0.227202 | |
| MA100: | 0.231610 | |
| MAexp7: | 0.273470 | |
| MAexp20: | 0.272524 | |
| MAexp50: | 0.274102 | |
| MAexp100: | 0.274853 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | +9.94% | |
| Price / MA50: | +22.14% | |
| Price / MA100: | +19.81% | |
| Price / MAexp7: | +1.47% | |
| Price / MAexp20: | +1.83% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +0.96% |
This member declared not having a position on this financial instrument or a related financial instrument.
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