RIPPLE - XRP/USD
RIPPLE - XRP/USD
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Type: Cryptocurrencies
Ticker: XRPUSD
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RIPPLE - XRP/USD - 15 min. - Technical analysis published on 03/10/2020 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.206500 USD
My targets
0.214800 USD (+0.94%)
0.219800 USD (+3.29%)
My analysis
The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 0.206500 USD, you could try to benefit from the boom. The first bullish objective is located at 0.214800 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.219800 USD as an objective. Crossing it would then enable buyers to target 0.228100 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.4

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:
1H Daily Weekly

Additional analysis

Quotes

RIPPLE - XRP/USD rating 0.212800 USD. The price is lower by +1.43% since the last closing and was between 0.205500 USD and 0.215700 USD. This implies that the price is at +3.55% from its lowest and at -1.34% from its highest.

0.205500
0.215700
0.212800

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of RIPPLE - XRP/USD in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.182600 0.196767 0.211500 0.212800 0.229967 0.233800 0.241267
Change (%) -14.19% -7.53% -0.61% - +8.07% +9.87% +13.38%
Change -0.030200 -0.016033 -0.001300 - +0.017167 +0.021000 +0.028467
Level Intermediate Intermediate Minor - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1882000.1932000.2015000.2065000.2148000.2198000.228100
Camarilla0.2061430.2073620.2085810.2098000.2110190.2122380.213458
Woodie0.1898500.1940250.2031500.2073250.2164500.2206250.229750
Fibonacci0.1932000.1982810.2014190.2065000.2115810.2147190.219800


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2024670.2132330.2249670.2357330.2474670.2582330.269967
Camarilla0.2305130.2325750.2346380.2367000.2387630.2408250.242888
Woodie0.2029500.2134750.2254500.2359750.2479500.2584750.270450
Fibonacci0.2132330.2218280.2271380.2357330.2443280.2496380.258233


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0625670.1430330.1860670.2665330.3095670.3900330.433067
Camarilla0.1951380.2064580.2177790.2291000.2404210.2517420.263063
Woodie0.0438500.1336750.1673500.2571750.2908500.3806750.414350
Fibonacci0.1430330.1902100.2193560.2665330.3137100.3428560.390033

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): 60.53
MACD (12,26,9): 0.0005
Directional Movement: 5.190643
AROON (14): 85.714286
DEMA (21): 0.212185
Parabolic SAR (0,02-0,02-0,2): 0.209101
Elder Ray (13): 0.000973
Super Trend (3,10): 0.213690
Zig ZAG (10): 0.212900
VORTEX (21): 1.2563
Stochastique (14,3,5): 96.19
TEMA (21): 0.212572
Williams %R (14): -8.57
Chande Momentum Oscillator (20): 0.002100
Repulse (5,40,3): 0.2892
ROCnROLL: 1
TRIX (15,9): 0.0097
Courbe Coppock: 2.25
MA7: 0.226057
MA20: 0.242190
MA50: 0.256032
MA100: 0.232829
MAexp7: 0.212543
MAexp20: 0.211680
MAexp50: 0.210898
MAexp100: 0.210069
Price / MA7: -5.86%
Price / MA20: -12.14%
Price / MA50: -16.89%
Price / MA100: -8.60%
Price / MAexp7: +0.12%
Price / MAexp20: +0.53%
Price / MAexp50: +0.90%
Price / MAexp100: +1.30%

This member declared not having a position on this financial instrument or a related financial instrument.

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