XRPUSD(4Hr) : XRP saw a big jump
Market in the last 24hrs
The price moved from the bottom bollinger band and to above the upper Bollinger band as the volume saw a major increase. The trading volume has been high and saw a sudden increase in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in upward momentum and oscillate between the upper and middle Bollinger band as support and resistance lines.
Price volatility was high at approximately 7.3%, with the day's range between $1.09 — $1.24.
Price at the time of publishing: $1.19
XRP’s market cap: $55.26 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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 price moved from the bottom bollinger band and to above the upper Bollinger band as the volume saw a major increase. The trading volume has been high and saw a sudden increase in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move in upward momentum and oscillate between the upper and middle Bollinger band as support and resistance lines.
Price volatility was high at approximately 7.3%, with the day's range between $1.09 — $1.24.
Price at the time of publishing: $1.19
XRP’s market cap: $55.26 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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.
----------------------------------------------------------------------------------------
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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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