RIPPLE - XRP/USD
RIPPLE - XRP/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 03/23/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.157840 USD
My targets
0.164200 USD (+2.37%)
0.175700 USD (+9.54%)
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 0.157840 USD. The next resistance located at 0.164200 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 0.175700 USD. After this resistance, buyers could then target 0.182600 USD.

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
6.1

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:
15 min. Daily Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD price is 0.160400 USD. The price registered an increase of +8.01% on the session and was between 0.144900 USD and 0.160400 USD. This implies that the price is at +10.70% from its lowest and at 0% from its highest.

0.144900
0.160400
0.160400

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:

Technical


A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.143433 0.152700 0.157840 0.160400 0.164200 0.175700 0.182600
Change (%) -10.58% -4.80% -1.60% - +2.37% +9.54% +13.84%
Change -0.016967 -0.007700 -0.002560 - +0.003800 +0.015300 +0.022200
Level Major Intermediate Intermediate - 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
Standard0.1274000.1369000.1427000.1522000.1580000.1675000.173300
Camarilla0.1442930.1456950.1470980.1485000.1499030.1513050.152708
Woodie0.1255500.1359750.1408500.1512750.1561500.1665750.171450
Fibonacci0.1369000.1427450.1463550.1522000.1580450.1616550.167500


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0846330.1063670.1322330.1539670.1798330.2015670.227433
Camarilla0.1450100.1493730.1537370.1581000.1624630.1668270.171190
Woodie0.0867000.1074000.1343000.1550000.1819000.2026000.229500
Fibonacci0.1063670.1245500.1357840.1539670.1721500.1833840.201567


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 61.76
MACD (12,26,9): -0.0008
Directional Movement: 11.879909
AROON (14): 85.714286
DEMA (21): 0.150132
Parabolic SAR (0,02-0,02-0,2): 0.147313
Elder Ray (13): 0.002793
Super Trend (3,10): 0.145613
Zig ZAG (10): 0.156900
VORTEX (21): 0.9261
Stochastique (14,3,5): 70.44
TEMA (21): 0.150696
Williams %R (14): -12.59
Chande Momentum Oscillator (20): 0.007400
Repulse (5,40,3): 4.8360
ROCnROLL: 1
TRIX (15,9): -0.1460
Courbe Coppock: 1.29
MA7: 0.154757
MA20: 0.180315
MA50: 0.235510
MA100: 0.224257
MAexp7: 0.151956
MAexp20: 0.151519
MAexp50: 0.153568
MAexp100: 0.154275
Price / MA7: +3.65%
Price / MA20: -11.04%
Price / MA50: -31.89%
Price / MA100: -28.47%
Price / MAexp7: +5.56%
Price / MAexp20: +5.86%
Price / MAexp50: +4.45%
Price / MAexp100: +3.97%

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

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