RIPPLE - XRP/USD - 1H - Technical analysis published on 07/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.636700 USD
My targets
0.687233 USD (+4.60%)
0.720200 USD (+9.62%)
My analysis
The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 0.636700 USD, you could try to benefit from the boom. The first bullish objective is located at 0.687233 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.720200 USD as an objective. Crossing it would then enable buyers to target 0.819900 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPPLE - XRP/USD price is 0.657000 USD. On the day, this instrument gained +4.67% with the lowest point at 0.625700 USD and the highest point at 0.658400 USD. The deviation from the price is +5.00% for the low point and -0.21% for the high point.0.625700
0.658400
0.657000
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIPPLE - XRP/USD:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. 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
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.608867 | 0.626100 | 0.636700 | 0.657000 | 0.720200 | 0.819900 | 1.282900 |
| Change (%) | -7.33% | -4.70% | -3.09% | - | +9.62% | +24.79% | +95.27% |
| Change | -0.048133 | -0.030900 | -0.020300 | - | +0.063200 | +0.162900 | +0.625900 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.562200 | 0.578900 | 0.603300 | 0.620000 | 0.644400 | 0.661100 | 0.685500 |
| Camarilla | 0.616398 | 0.620165 | 0.623933 | 0.627700 | 0.631468 | 0.635235 | 0.639003 |
| Woodie | 0.566050 | 0.580825 | 0.607150 | 0.621925 | 0.648250 | 0.663025 | 0.689350 |
| Fibonacci | 0.578900 | 0.594600 | 0.604300 | 0.620000 | 0.635700 | 0.645400 | 0.661100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.509333 | 0.541367 | 0.568633 | 0.600667 | 0.627933 | 0.659967 | 0.687233 |
| Camarilla | 0.579593 | 0.585028 | 0.590464 | 0.595900 | 0.601336 | 0.606772 | 0.612208 |
| Woodie | 0.506950 | 0.540175 | 0.566250 | 0.599475 | 0.625550 | 0.658775 | 0.684850 |
| Fibonacci | 0.541367 | 0.564019 | 0.578014 | 0.600667 | 0.623319 | 0.637314 | 0.659967 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.393867 | 0.428133 | 0.451767 | 0.486033 | 0.509667 | 0.543933 | 0.567567 |
| Camarilla | 0.459478 | 0.464785 | 0.470093 | 0.475400 | 0.480708 | 0.486015 | 0.491323 |
| Woodie | 0.388550 | 0.425475 | 0.446450 | 0.483375 | 0.504350 | 0.541275 | 0.562250 |
| Fibonacci | 0.428133 | 0.450251 | 0.463916 | 0.486033 | 0.508151 | 0.521816 | 0.543933 |
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): | 74.64 | |
| MACD (12,26,9): | 0.0091 | |
| Directional Movement: | 30.163066 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.638470 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.618745 | |
| Elder Ray (13): | 0.017971 | |
| Super Trend (3,10): | 0.623537 | |
| Zig ZAG (10): | 0.652100 | |
| VORTEX (21): | 1.2325 | |
| Stochastique (14,3,5): | 92.20 | |
| TEMA (21): | 0.643465 | |
| Williams %R (14): | -3.55 | |
| Chande Momentum Oscillator (20): | 0.034400 | |
| Repulse (5,40,3): | 3.6405 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1667 | |
| Courbe Coppock: | 6.15 |
| MA7: | 0.612400 | |
| MA20: | 0.585340 | |
| MA50: | 0.515652 | |
| MA100: | 0.517288 | |
| MAexp7: | 0.639537 | |
| MAexp20: | 0.627425 | |
| MAexp50: | 0.616671 | |
| MAexp100: | 0.610518 | |
| Price / MA7: | +7.28% | |
| Price / MA20: | +12.24% | |
| Price / MA50: | +27.41% | |
| Price / MA100: | +27.01% | |
| Price / MAexp7: | +2.73% | |
| Price / MAexp20: | +4.71% | |
| Price / MAexp50: | +6.54% | |
| Price / MAexp100: | +7.61% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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