XRP(4Hr) : XRP moving with low volatility
Market in the last 24hrs
XRPUSD saw some consolidation as the price accepted the bottom Bollinger band as a support line and can be seen moving towards the middle Bollinger band. Trading volume has been moderate in the last 24 hours.
Today’s Trend analysis
As the price reaches the middle Bollinger band, if it accepts the middle Bollinger band as a support line then we can expect the price to see some consolidation with a slight indication of bearish momentum else it will continue to move in an upward direction.
Price volatility was extremely low at approximately 0.2%, with the day's range between $0.587— $0.628.
Price at the time of publishing: $0.623
XRP’s market cap: $28.76 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 moderate 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 some consolidation as the price accepted the bottom Bollinger band as a support line and can be seen moving towards the middle Bollinger band. Trading volume has been moderate in the last 24 hours.
Today’s Trend analysis
As the price reaches the middle Bollinger band, if it accepts the middle Bollinger band as a support line then we can expect the price to see some consolidation with a slight indication of bearish momentum else it will continue to move in an upward direction.
Price volatility was extremely low at approximately 0.2%, with the day's range between $0.587— $0.628.
Price at the time of publishing: $0.623
XRP’s market cap: $28.76 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 moderate 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!
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