Market in the last 24hrs
XRPUSD saw a consolidated movement with a slight indication of bearish momentum. The price moved slightly above the Bottom Bollinger band. Trading volume has been very in the last 24 hours but still, the price is moving in a consolidated manner suggesting unsurety among investors.
Today’s Trend analysis
Price is expected to continue to move in a consolidated movement till it reaches the middle Bollinger band after which if the price accepts it as a resistance line the consolidated movement will continue or else we may see some bullish momentum.
Price volatility was extremely moderate at approximately 4.93%, with the day's range between $0.518 — $0.568.
Price at the time of publishing: $0.532
XRP’s market cap: $24.6 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
XRPUSD saw a consolidated movement with a slight indication of bearish momentum. The price moved slightly above the Bottom Bollinger band. Trading volume has been very in the last 24 hours but still, the price is moving in a consolidated manner suggesting unsurety among investors.
Today’s Trend analysis
Price is expected to continue to move in a consolidated movement till it reaches the middle Bollinger band after which if the price accepts it as a resistance line the consolidated movement will continue or else we may see some bullish momentum.
Price volatility was extremely moderate at approximately 4.93%, with the day's range between $0.518 — $0.568.
Price at the time of publishing: $0.532
XRP’s market cap: $24.6 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
