XRPUSD(4Hr) : XRP to consolidate before setting a trend.
Market in the last 24hrs
XRPUSD saw consolidated movement with a slight indication of a bearish trend. The price moved below the middle Bolliger band and rejecting it as a support line. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue its consolidated movement with a slight indication of a bearish trend till it reaches the lower Bollinger band. If then the price accepts the lower band as a support line then we can expect some bullish relief. But if the price rejects the bottom band as a support line then we may see some prominent bearish momentum.
Price volatility remained low at approximately 3.48%, with the day's range between $0.647— $0.706.
Price at the time of publishing: $0.664
XRP’s market cap: $30.7 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are 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.
Traded volume has remained high in the past 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 consolidated movement with a slight indication of a bearish trend. The price moved below the middle Bolliger band and rejecting it as a support line. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue its consolidated movement with a slight indication of a bearish trend till it reaches the lower Bollinger band. If then the price accepts the lower band as a support line then we can expect some bullish relief. But if the price rejects the bottom band as a support line then we may see some prominent bearish momentum.
Price volatility remained low at approximately 3.48%, with the day's range between $0.647— $0.706.
Price at the time of publishing: $0.664
XRP’s market cap: $30.7 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are 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.
Traded volume has remained high in the past 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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