XRPUSD(4Hr) : Ripple stabilizing after seeing a big fall
Market in the last 24hrs
XRPUSD seeing sideways momentum after dropping 0.2$ in the last weeks. The big drop can also be supported by a large trading volume. Trading volume was very high in the last 24 hours.
Today’s Trend analysis
The price is expected to follow the current consolidated movement till the price reaches the middle Bollinger Band.
Price volatility was low at approximately 2.74%, with the day's range between $0.874 — $0.958.
Price at the time of publishing: $0.95
XRP’s market cap: $44.55 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
XRPUSD seeing sideways momentum after dropping 0.2$ in the last weeks. The big drop can also be supported by a large trading volume. Trading volume was very high in the last 24 hours.
Today’s Trend analysis
The price is expected to follow the current consolidated movement till the price reaches the middle Bollinger Band.
Price volatility was low at approximately 2.74%, with the day's range between $0.874 — $0.958.
Price at the time of publishing: $0.95
XRP’s market cap: $44.55 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Trading volume has been 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.
----------------------------------------------------------------------------------------
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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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