XRP(1D) : XRP may see some bearish trend in the next 24 hours
Market in the last 24hrs
XRPUSD saw a slightly bullish trend in the last 24 hours with price touching the middle Bollinger band. Trading volume has been moderate in the last 24 hours.
Today’s Trend analysis
Price is likely to see a bullish trend as it looks like the price has accepted the middle Bollinger band as a resistance line. We can expect the price to see a bearish trend till it reaches the lower Bollinger band and then a consolidated movement after that.
Price volatility remained low at approximately 1%, with the day's range between $0.649— $0.68.
Price at the time of publishing: $0.661
XRP’s market cap: $30.5 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume remained moderate 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 a slightly bullish trend in the last 24 hours with price touching the middle Bollinger band. Trading volume has been moderate in the last 24 hours.
Today’s Trend analysis
Price is likely to see a bullish trend as it looks like the price has accepted the middle Bollinger band as a resistance line. We can expect the price to see a bearish trend till it reaches the lower Bollinger band and then a consolidated movement after that.
Price volatility remained low at approximately 1%, with the day's range between $0.649— $0.68.
Price at the time of publishing: $0.661
XRP’s market cap: $30.5 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume remained moderate 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!
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