XRP
Long

XRPUSD to see an uptrend(1D) | R1 to act as support

Market in last 1 week
-XRPUSD saw an uptrend after gap up was observed
-Price volatility was very high. The market moved ~20.74%, between $0.328 and $0.272

Today’s Trend analysis
-XRPUSD expected to see an uptrend as Bollinger Band squeezes with R2 working as resistance
-Price at the time of publishing: $0.3006
-XRP’s market cap: $13.56
-Oscillator indicators are mostly neutral. RSI at 64 in the neutral region.
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed ups and downs as blue and red candles were observed

Price expected to see an uptrend as price got resistance from R2 in pivot points with a squeeze in Bollinger Band it will get support from R1. Most of the Oscillator indicators are neutral. MACD histogram is negative, size almost consistent in the negative region. RSI at 64, above the midline in the neutral region. CCI at 62, still in the neutral region. Another interesting point to notice here is that the volume saw ups and downs as blue and red candles were observed with an decrease in the 20-candle moving average.
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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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- Mudrex
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