XRP - Downtrend Today. Bears Are BACK!

Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $0.199
- ‘Oscillator‘ indicators are mostly neutral with a bias towards sell side. RSI at 38
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral

Price expected to trend down today. MACD histogram continues to be in negative zone and MACD is trending down. RSI and CCI are trending down. RSI is now below the midpoint 50 and CCI is below -100. All factors indicating that bulls have lost strength and bears are in control now. Overall, price is now expected to move downward.

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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .

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- Mudrex