XRPUSD(4Hr) : XRPUSD looking to go down
Market in the last 24hrs
In the last 24 hours, XRP saw a major bearish trend as it rejected the middle Bollinger band as a support line and is moving towards the Bottom Bollinger band. Trading volume has been high in the last 24 hours
Today’s Trend analysis
XRP is nearing the bottom Bollinger band and is very likely to see a reversal towards the bullish direction. There is also a chance that the price may reject the bottom band and continue its bearish trend.
Price volatility remained low at approximately 5.95%, with the day's range between $0.0.84 — $0.0.89.
Price at the time of publishing: $0.84
XRP’s market cap: $38.2 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Traded volume has remained low in the past 24 hours. If the trading volume bumps then we can see a bullish momentum as well. If the price rejects the bottom Bollinger band as a support line then we can expect a continuation of the 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!
In the last 24 hours, XRP saw a major bearish trend as it rejected the middle Bollinger band as a support line and is moving towards the Bottom Bollinger band. Trading volume has been high in the last 24 hours
Today’s Trend analysis
XRP is nearing the bottom Bollinger band and is very likely to see a reversal towards the bullish direction. There is also a chance that the price may reject the bottom band and continue its bearish trend.
Price volatility remained low at approximately 5.95%, with the day's range between $0.0.84 — $0.0.89.
Price at the time of publishing: $0.84
XRP’s market cap: $38.2 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Traded volume has remained low in the past 24 hours. If the trading volume bumps then we can see a bullish momentum as well. If the price rejects the bottom Bollinger band as a support line then we can expect a continuation of the 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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