XRPUSD to see an uptrend(1D) | Strong buying pressure
Market in last 1 week
Today’s Trend analysis
Price expected to see an uptrend as the price has been trading inside the band and has observed an uptrend with midline support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size decreasing in the positive region suggesting a bullish bias. RSI at 62, above the midline in the neutral region. CCI at 168, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a similar volume as price saw a decline while an increase in price saw an increase in volume indicating a strong buying pressure.
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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 an uptrend and touching the upper Bollinger band
- Price volatility was very high. The market moved ~10.76%, between $0.263 and $0.237
Today’s Trend analysis
- XRPUSD expected to see an uptrend as the price has been trading inside the band and has observed an uptrend with midline support
- Price at the time of publishing: $0.23620
- XRP’s market cap: $11.85 Billion
- Oscillator indicators are mostly neutral. RSI at 62 in the neutral region.
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral and Hull MA indicates buying opportunities
- Volume indicators observed a similar volume as price saw a decline while and increase in price saw an increase in volume
Price expected to see an uptrend as the price has been trading inside the band and has observed an uptrend with midline support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size decreasing in the positive region suggesting a bullish bias. RSI at 62, above the midline in the neutral region. CCI at 168, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a similar volume as price saw a decline while an increase in price saw an increase in volume indicating a strong buying pressure.
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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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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