RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - 1H - Technical analysis published on 12/02/2024 (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

83%

17%

My opinion

Bullish above 2.18 USD

My targets

2.40 USD (+2.69%)

2.44 USD (+4.40%)

My analysis

The bullish trend is currently very strong on RIPPLE - XRP/USD. As long as the price remains above the support at 2.18 USD, you could try to benefit from the boom. The first bullish objective is located at 2.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.44 USD as an objective. Crossing it would then enable buyers to target 2.78 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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

The RIPPLE - XRP/USD rating is 2.34 USD. The price registered an increase of +1.30% on the session and was traded between 2.29 USD and 2.37 USD over the period. The price is currently at +2.18% from its lowest and -1.27% from its highest.

2.29

2.37

2.34

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

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

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this RIPPLE - XRP/USD chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

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

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1.63	1.77	1.84	2.34	2.78
Change (%)	-30.34%	-24.36%	-21.37%	-	+18.80%
Change	-0.71	-0.57	-0.50	-	+0.44
Level	Minor	Minor	Intermediate	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.49	1.67	1.99	2.17	2.49	2.67	2.99
Camarilla	2.17	2.22	2.26	2.31	2.36	2.40	2.45
Woodie	1.56	1.71	2.06	2.21	2.56	2.71	3.06
Fibonacci	1.67	1.86	1.98	2.17	2.36	2.48	2.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.84	1.06	1.51	1.73	2.18	2.40	2.85
Camarilla	1.77	1.83	1.89	1.95	2.01	2.07	2.13
Woodie	0.95	1.12	1.62	1.79	2.29	2.46	2.96
Fibonacci	1.06	1.32	1.48	1.73	1.99	2.15	2.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.50	0.00	0.97	1.47	2.44	2.94	3.91
Camarilla	1.55	1.68	1.82	1.95	2.09	2.22	2.35
Woodie	-0.26	0.12	1.22	1.59	2.69	3.06	4.16
Fibonacci	0.00	0.56	0.91	1.47	2.03	2.38	2.94

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):	86.73
MACD (12,26,9):	0.1100
Directional Movement:	49.65
AROON (14):	50.00
DEMA (21):	2.20
Parabolic SAR (0,02-0,02-0,2):	2.04
Elder Ray (13):	0.19
Super Trend (3,10):	2.13
Zig ZAG (10):	2.31
VORTEX (21):	1.3700
Stochastique (14,3,5):	92.35
TEMA (21):	2.27
Williams %R (14):	-3.19
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	6.4000
ROCnROLL:	1
TRIX (15,9):	0.4900
Courbe Coppock:	32.24

MA7:	1.83
MA20:	1.38
MA50:	0.88
MA100:	0.72
MAexp7:	2.22
MAexp20:	2.07
MAexp50:	1.94
MAexp100:	1.80
Price / MA7:	+27.87%
Price / MA20:	+69.57%
Price / MA50:	+165.91%
Price / MA100:	+225.00%
Price / MAexp7:	+5.41%
Price / MAexp20:	+13.04%
Price / MAexp50:	+20.62%
Price / MAexp100:	+30.00%

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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