RIPPLE - XRP/USD

- USD (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 08/12/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

22%

56%

My opinion

Bullish above 0.231000 USD

My targets

0.310200 USD (+11.70%)

0.336800 USD (+21.28%)

My analysis

The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 0.231000 USD, you could try to benefit from the boom. The first bullish objective is located at 0.310200 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.336800 USD as an objective. Crossing it would then enable buyers to target 0.476285 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.1

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

Additional analysis

Quotes

RIPPLE - XRP/USD rating 0.277700 USD. The price registered a decrease of -1.91% on the session and was traded between 0.273500 USD and 0.283100 USD over the period. The price is currently at +1.54% from its lowest and -1.91% from its highest.

0.273500

0.283100

0.277700

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/USD:

Technical

Technical analysis of this Daily chart of RIPPLE - XRP/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly 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

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.193829	0.226700	0.275000	0.277700	0.310200	0.336800	0.476285
Change (%)	-30.20%	-18.37%	-0.97%	-	+11.70%	+21.28%	+71.51%
Change	-0.083871	-0.051000	-0.002700	-	+0.032500	+0.059100	+0.198585
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.229800	0.250100	0.266600	0.286900	0.303400	0.323700	0.340200
Camarilla	0.272980	0.276353	0.279727	0.283100	0.286473	0.289847	0.293220
Woodie	0.227900	0.249150	0.264700	0.285950	0.301500	0.322750	0.338300
Fibonacci	0.250100	0.264158	0.272842	0.286900	0.300958	0.309642	0.323700

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.179000	0.214500	0.254900	0.290400	0.330800	0.366300	0.406700
Camarilla	0.274428	0.281385	0.288343	0.295300	0.302258	0.309215	0.316173
Woodie	0.181450	0.215725	0.257350	0.291625	0.333250	0.367525	0.409150
Fibonacci	0.214500	0.243494	0.261406	0.290400	0.319394	0.337306	0.366300

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.112100	0.142200	0.200900	0.231000	0.289700	0.319800	0.378500
Camarilla	0.235180	0.243320	0.251460	0.259600	0.267740	0.275880	0.284020
Woodie	0.126400	0.149350	0.215200	0.238150	0.304000	0.326950	0.392800
Fibonacci	0.142200	0.176122	0.197078	0.231000	0.264922	0.285878	0.319800

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):	58.05
MACD (12,26,9):	0.0210
Directional Movement:	7.408152
AROON (14):	28.571428
DEMA (21):	0.298007
Parabolic SAR (0,02-0,02-0,2):	0.320356
Elder Ray (13):	-0.001990
Super Trend (3,10):	0.240380
Zig ZAG (10):	0.275000
VORTEX (21):	1.1711
Stochastique (14,3,5):	56.27
TEMA (21):	0.304510
Williams %R (14):	-57.42
Chande Momentum Oscillator (20):	0.015900
Repulse (5,40,3):	-6.5402
ROCnROLL:	-1
TRIX (15,9):	1.5503
Courbe Coppock:	51.51

MA7:	0.290829
MA20:	0.268240
MA50:	0.221450
MA100:	0.210535
MAexp7:	0.286517
MAexp20:	0.269345
MAexp50:	0.238258
MAexp100:	0.221258
Price / MA7:	-4.51%
Price / MA20:	+3.53%
Price / MA50:	+25.40%
Price / MA100:	+31.90%
Price / MAexp7:	-3.08%
Price / MAexp20:	+3.10%
Price / MAexp50:	+16.55%
Price / MAexp100:	+25.51%

Quotes : 2020-08-12 06:43:11 - Real time data - Cryptocompare

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

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