RIPPLE - XRP/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XRPUSDT
ISIN:

RIPPLE - XRP/USDT - Daily - Technical analysis published on 11/09/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 0.623600 USDT

My targets

0.702100 USDT (+8.66%)

0.819900 USDT (+26.89%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on RIPPLE - XRP/USDT. This is a positive signal for buyers. As long as the price remains above 0.623600 USDT, a purchase could be considered. The first bullish objective is located at 0.702100 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.819900 USDT as an objective. Crossing it would then enable buyers to target 1.160000 USDT. In the event of a return below 0.623600 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

6.3

Comment on the analysis

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 chetron. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

RIPPLE - XRP/USDT rating 0.646133 USDT. The price is lower by -5.95% since the last closing and was traded between 0.637410 USDT and 0.706876 USDT over the period. The price is currently at +1.37% from its lowest and -8.59% from its highest.

0.637410

0.706876

0.646133

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this RIPPLE - XRP/USDT chart shows a bullish trend. 78.57% 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.475557	0.535793	0.623600	0.646133	0.702100	0.819900	1.160000
Change (%)	-26.40%	-17.08%	-3.49%	-	+8.66%	+26.89%	+79.53%
Change	-0.170576	-0.110340	-0.022533	-	+0.055967	+0.173767	+0.513867
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	Minor

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
Standard	0.646680	0.659619	0.673309	0.686248	0.699938	0.712877	0.726567
Camarilla	0.679675	0.682116	0.684557	0.686998	0.689439	0.691880	0.694321
Woodie	0.647055	0.659807	0.673684	0.686436	0.700313	0.713065	0.726942
Fibonacci	0.659619	0.669792	0.676076	0.686248	0.696421	0.702705	0.712877

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.476224	0.508376	0.561651	0.593803	0.647078	0.679230	0.732505
Camarilla	0.591435	0.599265	0.607096	0.614927	0.622758	0.630589	0.638419
Woodie	0.486787	0.513657	0.572214	0.599084	0.657641	0.684511	0.743068
Fibonacci	0.508376	0.541009	0.561170	0.593803	0.626436	0.646597	0.679230

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.361937	0.418187	0.508834	0.565084	0.655731	0.711981	0.802628
Camarilla	0.559084	0.572550	0.586015	0.599481	0.612947	0.626412	0.639878
Woodie	0.379136	0.426786	0.526033	0.573683	0.672930	0.720580	0.819827
Fibonacci	0.418187	0.474302	0.508969	0.565084	0.621199	0.655866	0.711981

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):	64.83
MACD (12,26,9):	0.0416
Directional Movement:	23.362373
AROON (14):	71.428572
DEMA (21):	0.658765
Parabolic SAR (0,02-0,02-0,2):	0.724583
Elder Ray (13):	0.040229
Super Trend (3,10):	0.598752
Zig ZAG (10):	0.651596
VORTEX (21):	1.2302
Stochastique (14,3,5):	73.16
TEMA (21):	0.684833
Williams %R (14):	-39.67
Chande Momentum Oscillator (20):	0.105647
Repulse (5,40,3):	-4.2292
ROCnROLL:	1
TRIX (15,9):	0.8800
Courbe Coppock:	42.88

MA7:	0.660640
MA20:	0.596074
MA50:	0.542794
MA100:	0.544644
MAexp7:	0.656759
MAexp20:	0.608907
MAexp50:	0.566051
MAexp100:	0.551122
Price / MA7:	-2.20%
Price / MA20:	+8.40%
Price / MA50:	+19.04%
Price / MA100:	+18.63%
Price / MAexp7:	-1.62%
Price / MAexp20:	+6.11%
Price / MAexp50:	+14.15%
Price / MAexp100:	+17.24%

Quotes : - Real time data - Cryptocompare

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

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