Market in the last 24hrs
XRPUSD saw a consolidated momentum with price accepting the middle Bollinger band as a resistance line. The trading volume had been low and can be seen decreasing in the last 24 hours.
Today’s Trend analysis
XRP is expected to see a consolidated movement with a bearish indication. This movement is expected to be continued till the price reaches the Bottom Bollinger band. If the price accepts the bottom band as a support line then the price is expected to move in a bullish manner else the continuation of the bearish momentum is expected.
Price volatility was moderate at approximately 0.92%, with the day's range between $0.606— $0.648.
Price at the time of publishing: $0.627
XRP’s market cap: $28.9 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is 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.
The trading volume had been low and can be seen decreasing 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 momentum with price accepting the middle Bollinger band as a resistance line. The trading volume had been low and can be seen decreasing in the last 24 hours.
Today’s Trend analysis
XRP is expected to see a consolidated movement with a bearish indication. This movement is expected to be continued till the price reaches the Bottom Bollinger band. If the price accepts the bottom band as a support line then the price is expected to move in a bullish manner else the continuation of the bearish momentum is expected.
Price volatility was moderate at approximately 0.92%, with the day's range between $0.606— $0.648.
Price at the time of publishing: $0.627
XRP’s market cap: $28.9 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is 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.
The trading volume had been low and can be seen decreasing 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!
