XRP(4Hr) : XRP recovering slowly
Market in the last 24hrs
XRPUSD saw bullish momentum in the last 24 hours but lately, the price can be seen moving in a consolidated manner. Trading volume has been high in the last 24 hours which could be the reason behind the bullish movement.
Today’s Trend analysis
XRPUSD is expected to continue to move in a consolidated movement with a slight indication of bullish momentum. This is expected to continue till the price accepts the upper Bollinger band as a resistance line after which a sideways movement is expected.
Price volatility was high at approximately 7.38%, with the day's range between $0.544 — $0.589.
Price at the time of publishing: $0.583
XRP’s market cap: $27 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 are giving a BUY signal.
Trading volume has been very 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!
XRPUSD saw bullish momentum in the last 24 hours but lately, the price can be seen moving in a consolidated manner. Trading volume has been high in the last 24 hours which could be the reason behind the bullish movement.
Today’s Trend analysis
XRPUSD is expected to continue to move in a consolidated movement with a slight indication of bullish momentum. This is expected to continue till the price accepts the upper Bollinger band as a resistance line after which a sideways movement is expected.
Price volatility was high at approximately 7.38%, with the day's range between $0.544 — $0.589.
Price at the time of publishing: $0.583
XRP’s market cap: $27 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 are giving a BUY signal.
Trading volume has been very 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.
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Any feedback and suggestions would help in further improving the analysis!
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