RIPPLE - XRP/EUR - Weekly - Technical analysis published on 08/05/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.221533 EUR
My targets
0.279075 EUR (+9.33%)
0.351927 EUR (+37.87%)
My analysis
RIPPLE - XRP/EUR is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.221533 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.279075 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.351927 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.418954 EUR. Beware of a possible return to under the support located at 0.221533 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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Additional analysis
Quotes
The RIPPLE - XRP/EUR rating is 0.255259 EUR. Over 5 days, this instrument gained +23.94% and has been traded over the last 5 days between 0.212242 EUR and 0.277300 EUR. This implies that the 5 day price is +20.27% from its lowest point and -7.95% from its highest point.0.212242
0.277300
0.255259
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Weekly of this RIPPLE - XRP/EUR chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Weekly
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Weekly
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.221533 | 0.255259 | 0.418954 | 0.753400 | 2.290000 |
| Change (%) | -13.21% | - | +64.13% | +195.15% | +797.13% |
| Change | -0.033726 | - | +0.163695 | +0.498141 | +2.034741 |
| Level | Major | - | Minor | Minor | 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 | 0.177578 | 0.189087 | 0.199393 | 0.210902 | 0.221208 | 0.232717 | 0.243023 |
| Camarilla | 0.203699 | 0.205699 | 0.207698 | 0.209698 | 0.211698 | 0.213697 | 0.215697 |
| Woodie | 0.176976 | 0.188786 | 0.198791 | 0.210601 | 0.220606 | 0.232416 | 0.242421 |
| Fibonacci | 0.189087 | 0.197421 | 0.202569 | 0.210902 | 0.219236 | 0.224384 | 0.232717 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.122169 | 0.150122 | 0.198755 | 0.226708 | 0.275341 | 0.303294 | 0.351927 |
| Camarilla | 0.226328 | 0.233348 | 0.240369 | 0.247389 | 0.254409 | 0.261430 | 0.268450 |
| Woodie | 0.132510 | 0.155292 | 0.209096 | 0.231878 | 0.285682 | 0.308464 | 0.362268 |
| Fibonacci | 0.150122 | 0.179378 | 0.197452 | 0.226708 | 0.255964 | 0.274038 | 0.303294 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.213630 | 0.207113 | 0.235445 | 0.228928 | 0.257260 | 0.250743 | 0.279075 |
| Camarilla | 0.257777 | 0.259777 | 0.261776 | 0.263776 | 0.265776 | 0.267775 | 0.269775 |
| Woodie | 0.231054 | 0.215825 | 0.252869 | 0.237640 | 0.274684 | 0.259455 | 0.296499 |
| Fibonacci | 0.207113 | 0.215447 | 0.220595 | 0.228928 | 0.237262 | 0.242410 | 0.250743 |
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): | 63.14 | |
| MACD (12,26,9): | 0.0067 | |
| Directional Movement: | 14.442387 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.203817 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.113999 | |
| Elder Ray (13): | 0.032515 | |
| Super Trend (3,10): | 0.146180 | |
| Zig ZAG (10): | 0.255776 | |
| VORTEX (21): | 1.1403 | |
| Stochastique (14,3,5): | 88.41 | |
| TEMA (21): | 0.223352 | |
| Williams %R (14): | -17.57 | |
| Chande Momentum Oscillator (20): | 0.071772 | |
| Repulse (5,40,3): | 37.4001 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.4227 | |
| Courbe Coppock: | 32.70 |
| MA7: | 0.235552 | |
| MA20: | 0.200530 | |
| MA50: | 0.180138 | |
| MA100: | 0.182600 | |
| MAexp7: | 0.222026 | |
| MAexp20: | 0.200935 | |
| MAexp50: | 0.217072 | |
| MAexp100: | 0.259509 | |
| Price / MA7: | +8.37% | |
| Price / MA20: | +27.29% | |
| Price / MA50: | +41.70% | |
| Price / MA100: | +39.79% | |
| Price / MAexp7: | +14.97% | |
| Price / MAexp20: | +27.04% | |
| Price / MAexp50: | +17.59% | |
| Price / MAexp100: | -1.64% |
Quotes :
2020-08-05 09:48:56
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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