RIPPLE - XRP/USD - 1H - Technical analysis published on 03/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.238200 USD
My targets
0.247700 USD (+2.31%)
0.256100 USD (+5.78%)
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 0.238200 USD. The buyers” bullish objective is set at 0.247700 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.256100 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, 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
8.2
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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 0.242100 USD. The price registered an increase of +1.34% on the session with the lowest point at 0.238300 USD and the highest point at 0.246500 USD. The deviation from the price is +1.59% for the low point and -1.78% for the high point.0.238300
0.246500
0.242100
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
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.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.233800 | 0.236000 | 0.238200 | 0.242100 | 0.242767 | 0.247700 | 0.256100 |
| Change (%) | -3.43% | -2.52% | -1.61% | - | +0.28% | +2.31% | +5.78% |
| Change | -0.008300 | -0.006100 | -0.003900 | - | +0.000667 | +0.005600 | +0.014000 |
| Level | Intermediate | Minor | 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 | 0.225600 | 0.230100 | 0.234500 | 0.239000 | 0.243400 | 0.247900 | 0.252300 |
| Camarilla | 0.236453 | 0.237268 | 0.238084 | 0.238900 | 0.239716 | 0.240532 | 0.241348 |
| Woodie | 0.225550 | 0.230075 | 0.234450 | 0.238975 | 0.243350 | 0.247875 | 0.252250 |
| Fibonacci | 0.230100 | 0.233500 | 0.235600 | 0.239000 | 0.242400 | 0.244500 | 0.247900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.144700 | 0.184100 | 0.206600 | 0.246000 | 0.268500 | 0.307900 | 0.330400 |
| Camarilla | 0.212078 | 0.217752 | 0.223426 | 0.229100 | 0.234774 | 0.240448 | 0.246123 |
| Woodie | 0.136250 | 0.179875 | 0.198150 | 0.241775 | 0.260050 | 0.303675 | 0.321950 |
| Fibonacci | 0.184100 | 0.207746 | 0.222354 | 0.246000 | 0.269646 | 0.284254 | 0.307900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.062567 | 0.143033 | 0.186067 | 0.266533 | 0.309567 | 0.390033 | 0.433067 |
| Camarilla | 0.195138 | 0.206458 | 0.217779 | 0.229100 | 0.240421 | 0.251742 | 0.263063 |
| Woodie | 0.043850 | 0.133675 | 0.167350 | 0.257175 | 0.290850 | 0.380675 | 0.414350 |
| Fibonacci | 0.143033 | 0.190210 | 0.219356 | 0.266533 | 0.313710 | 0.342856 | 0.390033 |
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): | 60.60 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 23.454356 | |
| AROON (14): | 71.428573 | |
| DEMA (21): | 0.243474 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.239377 | |
| Elder Ray (13): | 0.001367 | |
| Super Trend (3,10): | 0.239624 | |
| Zig ZAG (10): | 0.243200 | |
| VORTEX (21): | 1.0501 | |
| Stochastique (14,3,5): | 71.22 | |
| TEMA (21): | 0.243750 | |
| Williams %R (14): | -40.24 | |
| Chande Momentum Oscillator (20): | 0.003400 | |
| Repulse (5,40,3): | -0.3635 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0689 | |
| Courbe Coppock: | 2.72 |
| MA7: | 0.235029 | |
| MA20: | 0.256590 | |
| MA50: | 0.257730 | |
| MA100: | 0.233227 | |
| MAexp7: | 0.242847 | |
| MAexp20: | 0.241667 | |
| MAexp50: | 0.239484 | |
| MAexp100: | 0.237951 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | -5.65% | |
| Price / MA50: | -6.06% | |
| Price / MA100: | +3.80% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +1.09% | |
| Price / MAexp100: | +1.74% |
This member declared not having a position on this financial instrument or a related financial instrument.
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