RIPPLE - XRP/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	XRPUSD
ISIN:

RIPPLE - XRP/USD - Weekly - Technical analysis published on 12/04/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.84 USD

My targets

2.78 USD (+15.83%)

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 1.84 USD. The next resistance located at 2.78 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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

8.9

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 2.40 USD. The price is up +55.55% over 5 days and has been traded over the last 5 days between 1.77 USD and 2.87 USD. This implies that the 5 day price is +35.91% from its lowest point and -16.23% from its highest point.

1.77

2.87

2.40

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 result:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Weekly of this RIPPLE - XRP/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

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 : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.82	1.39	1.84	2.40	2.78
Change (%)	-65.83%	-42.08%	-23.33%	-	+15.83%
Change	-1.58	-1.01	-0.56	-	+0.38
Level	Intermediate	Major	Major	-	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	1.69	2.00	2.26	2.57	2.83	3.14	3.40
Camarilla	2.35	2.41	2.46	2.51	2.56	2.62	2.67
Woodie	1.66	1.99	2.23	2.56	2.80	3.13	3.37
Fibonacci	2.00	2.22	2.36	2.57	2.79	2.93	3.14

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	91.03
MACD (12,26,9):	0.2900
Directional Movement:	59.21
AROON (14):	42.86
DEMA (21):	1.25
Parabolic SAR (0,02-0,02-0,2):	0.71
Elder Ray (13):	1.26
Super Trend (3,10):	1.43
Zig ZAG (10):	2.33
VORTEX (21):	1.3300
Stochastique (14,3,5):	86.19
TEMA (21):	1.50
Williams %R (14):	-22.94
Chande Momentum Oscillator (20):	1.78
Repulse (5,40,3):	63.9900
ROCnROLL:	1
TRIX (15,9):	2.4800
Courbe Coppock:	261.09

MA7:	2.17
MA20:	1.58
MA50:	0.96
MA100:	0.76
MAexp7:	1.44
MAexp20:	0.95
MAexp50:	0.72
MAexp100:	0.63
Price / MA7:	+10.60%
Price / MA20:	+51.90%
Price / MA50:	+150.00%
Price / MA100:	+215.79%
Price / MAexp7:	+66.67%
Price / MAexp20:	+152.63%
Price / MAexp50:	+233.33%
Price / MAexp100:	+280.95%

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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