XRPUSD(4Hr): XRP still hovering above 1$
Market in the last 24hrs
The saw a bullish momentum as it moved form the bottom to the middle Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Since the price is nearing the middle Bollinger brand which is a strong resistance line thus if the price accepts it then XRP will most likely oscillate between the middle and the lower Bollinger band else the price is likely to continue to move in a bullish momentum till it reaches the upper band.
Price volatility was extremely low at approximately 3.41%, with the day's range between $0.98 — $1.08.
Price at the time of publishing: $1.05
XRP’s market cap: $49.57 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 saw a bullish momentum as it moved form the bottom to the middle Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Since the price is nearing the middle Bollinger brand which is a strong resistance line thus if the price accepts it then XRP will most likely oscillate between the middle and the lower Bollinger band else the price is likely to continue to move in a bullish momentum till it reaches the upper band.
Price volatility was extremely low at approximately 3.41%, with the day's range between $0.98 — $1.08.
Price at the time of publishing: $1.05
XRP’s market cap: $49.57 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!
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