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 03/29/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 0.170100 USD
My targets
0.175700 USD (+1.27%)
0.182600 USD (+5.24%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.170100 USD remains possible. It is advisable to trade RIPPLE - XRP/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.170100 USD. The next bullish objective for buyers is set at 0.175700 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.182600 USD. If there is any crossing, the next objective would be the resistance located at 0.187500 USD. PS: if there is a bearish break in the support located at 0.170100 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.173500 USD. The price has increased by -1.48% since the last closing and was between 0.169600 USD and 0.176900 USD. This implies that the price is at +2.30% from its lowest and at -1.92% from its highest.

0.169600
0.176900
0.173500

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:

Technical


A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

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 : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.162343 0.165600 0.170100 0.173500 0.175700 0.182600 0.187500
Change (%) -6.43% -4.55% -1.96% - +1.27% +5.24% +8.07%
Change -0.011157 -0.007900 -0.003400 - +0.002200 +0.009100 +0.014000
Level Intermediate Intermediate Minor - Minor Intermediate Major



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
Standard0.1545000.1605000.1683000.1743000.1821000.1881000.195900
Camarilla0.1723050.1735700.1748350.1761000.1773650.1786300.179895
Woodie0.1554000.1609500.1692000.1747500.1830000.1885500.196800
Fibonacci0.1605000.1657720.1690280.1743000.1795720.1828280.188100


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1089000.1269000.1515000.1695000.1941000.2121000.236700
Camarilla0.1643850.1682900.1721950.1761000.1800050.1839100.187815
Woodie0.1122000.1285500.1548000.1711500.1974000.2137500.240000
Fibonacci0.1269000.1431730.1532270.1695000.1857730.1958270.212100


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): 50.19
MACD (12,26,9): -0.0001
Directional Movement: -3.650657
AROON (14): -7.142857
DEMA (21): 0.173193
Parabolic SAR (0,02-0,02-0,2): 0.177829
Elder Ray (13): 0.000288
Super Trend (3,10): 0.168143
Zig ZAG (10): 0.173700
VORTEX (21): 1.0177
Stochastique (14,3,5): 54.99
TEMA (21): 0.172774
Williams %R (14): -27.78
Chande Momentum Oscillator (20): 0.000200
Repulse (5,40,3): 1.2033
ROCnROLL: 1
TRIX (15,9): 0.0048
Courbe Coppock: 2.96
MA7: 0.169071
MA20: 0.163145
MA50: 0.223280
MA100: 0.222682
MAexp7: 0.172989
MAexp20: 0.173256
MAexp50: 0.172615
MAexp100: 0.170016
Price / MA7: +2.62%
Price / MA20: +6.35%
Price / MA50: -22.29%
Price / MA100: -22.09%
Price / MAexp7: +0.30%
Price / MAexp20: +0.14%
Price / MAexp50: +0.51%
Price / MAexp100: +2.05%

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

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