RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Daily - Technical analysis published on 11/14/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.721933 USD

My targets

0.819900 USD (+3.16%)

0.863100 USD (+8.59%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RIPPLE - XRP/USD as long as the price remains well above 0.721933 USD. The buyers' bullish objective is set at 0.819900 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.863100 USD. If there is any crossing, the next objective would be the resistance located at 1.390000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

RIPPLE - XRP/USD rating 0.794800 USD. The price has increased by +15.02% since the last closing with the lowest point at 0.683400 USD and the highest point at 0.799700 USD. The deviation from the price is +16.30% for the low point and -0.61% for the high point.

0.683400

0.799700

0.794800

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of RIPPLE - XRP/USD in Daily shows a strongly overall bullish trend. 85.71% 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 bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

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 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

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 : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.596780	0.641400	0.721933	0.794800	0.819900	0.863100	1.390000
Change (%)	-24.91%	-19.30%	-9.17%	-	+3.16%	+8.59%	+74.89%
Change	-0.198020	-0.153400	-0.072867	-	+0.025100	+0.068300	+0.595200
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	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	0.533567	0.587733	0.639367	0.693533	0.745167	0.799333	0.850967
Camarilla	0.661905	0.671603	0.681302	0.691000	0.700698	0.710397	0.720095
Woodie	0.532300	0.587100	0.638100	0.692900	0.743900	0.798700	0.849700
Fibonacci	0.587733	0.628149	0.653118	0.693533	0.733949	0.758918	0.799333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.421333	0.456667	0.508133	0.543467	0.594933	0.630267	0.681733
Camarilla	0.535730	0.543687	0.551643	0.559600	0.567557	0.575513	0.583470
Woodie	0.429400	0.460700	0.516200	0.547500	0.603000	0.634300	0.689800
Fibonacci	0.456667	0.489824	0.510309	0.543467	0.576624	0.597109	0.630267

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.308433	0.398567	0.453733	0.543867	0.599033	0.689167	0.744333
Camarilla	0.468943	0.482262	0.495581	0.508900	0.522219	0.535538	0.548858
Woodie	0.290950	0.389825	0.436250	0.535125	0.581550	0.680425	0.726850
Fibonacci	0.398567	0.454071	0.488362	0.543867	0.599371	0.633662	0.689167

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):	85.29
MACD (12,26,9):	0.0425
Directional Movement:	34.191018
AROON (14):	78.571429
DEMA (21):	0.636461
Parabolic SAR (0,02-0,02-0,2):	0.564620
Elder Ray (13):	0.116086
Super Trend (3,10):	0.579560
Zig ZAG (10):	0.789500
VORTEX (21):	1.2007
Stochastique (14,3,5):	87.69
TEMA (21):	0.680930
Williams %R (14):	-0.96
Chande Momentum Oscillator (20):	0.282100
Repulse (5,40,3):	25.9161
ROCnROLL:	1
TRIX (15,9):	0.3751
Courbe Coppock:	53.63

MA7:	0.645214
MA20:	0.562380
MA50:	0.554620
MA100:	0.564111
MAexp7:	0.668135
MAexp20:	0.592761
MAexp50:	0.565531
MAexp100:	0.559381
Price / MA7:	+23.18%
Price / MA20:	+41.33%
Price / MA50:	+43.31%
Price / MA100:	+40.89%
Price / MAexp7:	+18.99%
Price / MAexp20:	+34.12%
Price / MAexp50:	+40.58%
Price / MAexp100:	+42.12%

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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