XRP ETF (XRPI) Stock Technical Analysis
NASDAQ:XRPI - Nasdaq - US92864M7801 - ETF - Currency: USD
Taking everything into account, XRPI scores 4 out of 10 in our technical rating. XRPI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
XRPI has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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18.30
When analyzing the support we notice one important area.
- Support @18.48 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.03 to 20.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 21.03 to 21.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for XRPI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XRPI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | XRPI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XRPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XRPI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 50.61 | NEUTRAL | The RSI value for XRPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests XRPI has a negative trend. |
| Stochastics (14,3) | 46.68 | NEUTRAL | The Stochastics value for XRPI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for XRPI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.53 | NEUTRAL | The ADX value for XRPI suggests a possible start of a new trend. |
19.21
-0.03 (-0.16%)