RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 07/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 0.565900 USD

My targets

0.593400 USD (+1.85%)

0.617400 USD (+5.97%)

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 0.565900 USD. The next resistance located at 0.593400 USD is the next bullish objective 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 0.617400 USD. After this resistance, buyers could then target 0.720200 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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

Additional analysis

Quotes

The RIPPLE - XRP/USD rating is 0.582600 USD. On the day, this instrument gained +8.39% with the lowest point at 0.532800 USD and the highest point at 0.584200 USD. The deviation from the price is +9.35% for the low point and -0.27% for the high point.

0.532800

0.584200

0.582600

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of RIPPLE - XRP/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.522722	0.538718	0.565900	0.582600	0.584900	0.617400	0.720200
Change (%)	-10.28%	-7.53%	-2.87%	-	+0.39%	+5.97%	+23.62%
Change	-0.059878	-0.043882	-0.016700	-	+0.002300	+0.034800	+0.137600
Level	Intermediate	Major	Minor	-	Minor	Minor	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
Standard	0.505433	0.512967	0.525233	0.532767	0.545033	0.552567	0.564833
Camarilla	0.532055	0.533870	0.535685	0.537500	0.539315	0.541130	0.542945
Woodie	0.507800	0.514150	0.527600	0.533950	0.547400	0.553750	0.567200
Fibonacci	0.512967	0.520530	0.525203	0.532767	0.540330	0.545003	0.552567

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.268800	0.336200	0.431100	0.498500	0.593400	0.660800	0.755700
Camarilla	0.481368	0.496245	0.511123	0.526000	0.540878	0.555755	0.570633
Woodie	0.282550	0.343075	0.444850	0.505375	0.607150	0.667675	0.769450
Fibonacci	0.336200	0.398199	0.436501	0.498500	0.560499	0.598801	0.660800

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.371167	0.414733	0.445067	0.488633	0.518967	0.562533	0.592867
Camarilla	0.455078	0.461852	0.468626	0.475400	0.482174	0.488948	0.495723
Woodie	0.364550	0.411425	0.438450	0.485325	0.512350	0.559225	0.586250
Fibonacci	0.414733	0.442963	0.460404	0.488633	0.516863	0.534304	0.562533

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	71.45
MACD (12,26,9):	0.0058
Directional Movement:	25.326379
AROON (14):	42.857143
DEMA (21):	0.554433
Parabolic SAR (0,02-0,02-0,2):	0.533448
Elder Ray (13):	0.016354
Super Trend (3,10):	0.536797
Zig ZAG (10):	0.574300
VORTEX (21):	1.1347
Stochastique (14,3,5):	65.25
TEMA (21):	0.556753
Williams %R (14):	-5.68
Chande Momentum Oscillator (20):	0.017200
Repulse (5,40,3):	5.7353
ROCnROLL:	1
TRIX (15,9):	0.1181
Courbe Coppock:	2.83

MA7:	0.502886
MA20:	0.471645
MA50:	0.487672
MA100:	0.507451
MAexp7:	0.554744
MAexp20:	0.547111
MAexp50:	0.537323
MAexp100:	0.520536
Price / MA7:	+15.85%
Price / MA20:	+23.53%
Price / MA50:	+19.47%
Price / MA100:	+14.81%
Price / MAexp7:	+5.02%
Price / MAexp20:	+6.49%
Price / MAexp50:	+8.43%
Price / MAexp100:	+11.92%

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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