XRPUSD(4Hr) : XRP to favor bulls
Market in the last 24hrs
XRPUSD saw a bearish trend in the last 24 hours and can be seen moving in upward momentum. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The current upward movement of XRPUSD suggests that the price has accepted the lower Bollinger band as a support line, so we can expect the price to reach the middle Bollinger band and then have a consolidated movement after that.
Price volatility was moderate at approximately 6.42%, with the day's range between $0.613— $0.67.
Price at the time of publishing: $0.627
XRP’s market cap: $28.7 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.
Traded volume remained high in the past 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 bearish trend in the last 24 hours and can be seen moving in upward momentum. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The current upward movement of XRPUSD suggests that the price has accepted the lower Bollinger band as a support line, so we can expect the price to reach the middle Bollinger band and then have a consolidated movement after that.
Price volatility was moderate at approximately 6.42%, with the day's range between $0.613— $0.67.
Price at the time of publishing: $0.627
XRP’s market cap: $28.7 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.
Traded volume remained high in the past 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.
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Any feedback and suggestions would help in further improving the analysis!
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