XRPUSD to see downmove after getting resistance from midline(1D)
Market in last 1 week
Today’s Trend analysis
Price expected to see an uptrend and decline after getting resistance from midline, as the price has been trading between midline and lower band, with support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size decreasing in the negative direction suggesting a bearish bias. RSI at 42, below the midline in the neutral region. CCI at -73, in the neutral region with an upmove from oversold region. Another interesting point to notice here is that the volume observed a decrease with high values for red candles indicating a shift from sellers to buyers with Bollinger band expansion.
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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 1 D 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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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- XRPUSD saw a sideways movement and got support from lower band
- Price volatility was very high. The market moved ~15.65%, between $0.266 and $0.230
Today’s Trend analysis
- XRPUSD expected to see an uptrend and decline after getting resistance from midline, as the price has been trading between midline and lower band, with support from lower band
- Price at the time of publishing: $0.2455
- XRP’s market cap: $11.01 Billion
- Oscillator indicators are mostly neutral. RSI at 42 in the neutral region.
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral and Hull MA indicates buying opportunities
- Volume indicators observed a decrease with high values for red candles, with traded volume between 113.9M and 39.7M with a decrease in 20-candle moving average
Price expected to see an uptrend and decline after getting resistance from midline, as the price has been trading between midline and lower band, with support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size decreasing in the negative direction suggesting a bearish bias. RSI at 42, below the midline in the neutral region. CCI at -73, in the neutral region with an upmove from oversold region. Another interesting point to notice here is that the volume observed a decrease with high values for red candles indicating a shift from sellers to buyers with Bollinger band expansion.
----------------------------------------------------------------------------------------
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 1 D 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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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