XRPUSD(4Hr) : Ripple calm after a little bullish period
Market in the last 24hrs
The price can be seen moving along the bottom Bollinger Band in a slightly bearish momentum. Trading volume can be seen fluctuating between high volume in some intervals and low in other in the last 24 hours. This movement of volume could be due to people uncertain about the future momentum of the price. The high selling candles can be considered as the reason for the current bearish momentum.
Today’s Trend analysis
The price can be seen moving sideways indicating that the price has accepted the bottom Bollinger band. The price is expected to oscillate between the middle and the bottom Bollinger band.
Price volatility was extremely low at approximately 1.69%, with the day's range between $1.10 — $1.16.
Price at the time of publishing: $1.14
XRP’s market cap: $53.73 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, 11 are giving SELL signal, 1 is giving neutral and 3 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!
The price can be seen moving along the bottom Bollinger Band in a slightly bearish momentum. Trading volume can be seen fluctuating between high volume in some intervals and low in other in the last 24 hours. This movement of volume could be due to people uncertain about the future momentum of the price. The high selling candles can be considered as the reason for the current bearish momentum.
Today’s Trend analysis
The price can be seen moving sideways indicating that the price has accepted the bottom Bollinger band. The price is expected to oscillate between the middle and the bottom Bollinger band.
Price volatility was extremely low at approximately 1.69%, with the day's range between $1.10 — $1.16.
Price at the time of publishing: $1.14
XRP’s market cap: $53.73 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, 11 are giving SELL signal, 1 is giving neutral and 3 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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