XRP(4Hr) : TA indicating a sideways movment
Market in the last 24hrs
Price can be seen moving sideways in the last 24 hours between the upper and middle Bollinger bands. Trading volume has been low compared to the week which could be the reason behind a sideways movement of the price.
Today’s Trend analysis
The price is expected to continue to move in a slightly bearish momentum till it reaches the middle Bollinger band.
Price volatility was low at approximately 1.18%, with the day's range between $0.693 — $0.739.
Price at the time of publishing: $0.704
XRP’s market cap: $32.63 Billion
However, the Indicator summary is giving a 'BUY' 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, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Trading volume has been low 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!
Price can be seen moving sideways in the last 24 hours between the upper and middle Bollinger bands. Trading volume has been low compared to the week which could be the reason behind a sideways movement of the price.
Today’s Trend analysis
The price is expected to continue to move in a slightly bearish momentum till it reaches the middle Bollinger band.
Price volatility was low at approximately 1.18%, with the day's range between $0.693 — $0.739.
Price at the time of publishing: $0.704
XRP’s market cap: $32.63 Billion
However, the Indicator summary is giving a 'BUY' 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, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Trading volume has been low 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.
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Any feedback and suggestions would help in further improving the analysis!
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