XRPUSD(4Hr) : XRPUSD to see a bearish trend
Market in the last 24hrs
XRPUSD saw a bullish as the price took support from the bottom Bollinger band and then saw a red candle indicating a bearish trend in the last 24 hours. Trading volume was huge in the last 24 hours.
Today’s Trend analysis
XRPUSD touched the middle Bollinger band which acts as a strong resistance line due to which we can see a bearish continuation till it reaches the bottom Bollinger band which acts as a strong support line.
Price volatility remained high at approximately 8.69%, with the day's range between $0.92 — $1.
Price at the time of publishing: $0.94
XRP’s market cap: $43 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If the trading volume bumps or the price breaks above the middle Bollinger band then we can see a Bullish trend.
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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 bullish as the price took support from the bottom Bollinger band and then saw a red candle indicating a bearish trend in the last 24 hours. Trading volume was huge in the last 24 hours.
Today’s Trend analysis
XRPUSD touched the middle Bollinger band which acts as a strong resistance line due to which we can see a bearish continuation till it reaches the bottom Bollinger band which acts as a strong support line.
Price volatility remained high at approximately 8.69%, with the day's range between $0.92 — $1.
Price at the time of publishing: $0.94
XRP’s market cap: $43 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If the trading volume bumps or the price breaks above the middle Bollinger band then we can see a Bullish trend.
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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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