Market in the last 24hrs
The price has had a gradual bullish momentum from the middle to the upper Bollinger band in the last 24 hours. Trading volume has been high in the last 24 hours and can be seen increasing indicating consumers confidence which also could be the cause of the increase in price.
Today’s Trend analysis
The price is expected to continue to move in a bullish momentum till the price expects the upper Bollinger band as a resistance line after which it is expected to oscillate between the upper and the middle band.
Price volatility was extremely moderate at approximately 4.61%, with the day's range between $1.08— $1.15.
Price at the time of publishing: $1.14
XRP’s market cap: $53.55 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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!
The price has had a gradual bullish momentum from the middle to the upper Bollinger band in the last 24 hours. Trading volume has been high in the last 24 hours and can be seen increasing indicating consumers confidence which also could be the cause of the increase in price.
Today’s Trend analysis
The price is expected to continue to move in a bullish momentum till the price expects the upper Bollinger band as a resistance line after which it is expected to oscillate between the upper and the middle band.
Price volatility was extremely moderate at approximately 4.61%, with the day's range between $1.08— $1.15.
Price at the time of publishing: $1.14
XRP’s market cap: $53.55 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 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!
