XRP(4Hr) : XRP recovering slowly towards 1$
Market in the last 24hrs
Price can be seen oscillating between the upper and the middle Bollinger band as the price accepted the upper band as a resistance line. Trading volume has been very high in the last 24 hours but due to the volume being similar throughout the day the price also moved in a consolidated manner.
Today’s Trend analysis
The price is expected to continue to move in between the middle and upper Bollinger bands till we see drastic changes in volume or some other fundamental aspect.
Price volatility was low at approximately 2.48%, with the day's range between $0.702 — $0.765.
Price at the time of publishing: $0.722
XRP’s market cap: $33.39 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, 3 are giving SELL signal, 1 is giving neutral and 11 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!
Price can be seen oscillating between the upper and the middle Bollinger band as the price accepted the upper band as a resistance line. Trading volume has been very high in the last 24 hours but due to the volume being similar throughout the day the price also moved in a consolidated manner.
Today’s Trend analysis
The price is expected to continue to move in between the middle and upper Bollinger bands till we see drastic changes in volume or some other fundamental aspect.
Price volatility was low at approximately 2.48%, with the day's range between $0.702 — $0.765.
Price at the time of publishing: $0.722
XRP’s market cap: $33.39 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, 3 are giving SELL signal, 1 is giving neutral and 11 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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