XRPUSD(4Hr) : XRP at a crucial juncture
Market in the last 24hrs
XRPUSD has seen a slight upward movement with the last 4 candles moving sideways and crossing above the middle Bollinger band. the trading volume has been high in the last 24 hours.
Today’s Trend analysis
XRPUSD is most likely to continue its upward momentum of yesterday and accept the middle Bollinger band as a support line.
Price volatility remained high at approximately 4.3%, with the day's range between $0.93 — $0.98.
Price at the time of publishing: $0.94
XRP’s market cap: $43.6 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, 9 are giving SELL signal, 1 is giving neutral and 5 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If the trading volume bumps then we can see a bullish momentum as well. If the price rejects the middle Bollinger band as a support line indicating that it was a false breakout then we can expect a bearish momentum.
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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 has seen a slight upward movement with the last 4 candles moving sideways and crossing above the middle Bollinger band. the trading volume has been high in the last 24 hours.
Today’s Trend analysis
XRPUSD is most likely to continue its upward momentum of yesterday and accept the middle Bollinger band as a support line.
Price volatility remained high at approximately 4.3%, with the day's range between $0.93 — $0.98.
Price at the time of publishing: $0.94
XRP’s market cap: $43.6 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, 9 are giving SELL signal, 1 is giving neutral and 5 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If the trading volume bumps then we can see a bullish momentum as well. If the price rejects the middle Bollinger band as a support line indicating that it was a false breakout then we can expect a bearish momentum.
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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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